Lesson 9

7/11/07 Lesson 9

From grammar text book: pp.312-325 conditional phrases

Conditional vs subjunctive
http://www.forum-legal.com/news5_int.PDF
practice conditionals :

From ILE text book:
pp.64-65 Discuss Reading 1 + Key terms
Language notes:
Damages= refers to the amount of money that a plaintiff may be awarded in a lawsuit.
Parol evidence= is a rule that a contract is a complete document, and that therefore no other documents that contradict it may be used as evidence in a lawsuit. The best way to ensure this is to include an entire agreement clause (or a merger clause)
Severability= means that somebody can sever (cut) something. In other words, if a contract is severable, it means that a breach of one part of the contract does not necessary entail a breach of the whole contract. The part that was breached can be ‘severed’ or separated.
Ancillary=documents /supporting documents

p.66 reinforce vocabulary: types of clauses
pp.67-68 Reading a covenant
Language notes :
Par. A Capitalised terms are those which are consistently written with a capital letter (e.g. Covenant, Shareholder, Purchaser, Seller, Purchase Agreement, Business, Closing and Agreement)
Par. F Precedent = preceding or before (the Covenant must be completed before the Purchase Agreement can be closed)
Par. F execute = sign
Par. 1 controlling ownership interest (of record or beneficial). A shareholder of record is the person named on the share certificate , but in fact the beneficial owner may be somebody else. (i.e. a child. Usually this happens for tax reasons)
Par. 2.a lessee = a person who leases (rents) something, typically a property
Par. 2.b subject to = in accordance with
Par. 3 wire transfer = electronic transfer of funds
Par. 5 provision = here means clause
Par. 5 stricken = hit (past participle is struck) or delete (past participle is stricken)