Tashkent State University of Law

(6) TRUE	(7) TRUE	(8) TRUE	(9) TRUE
(10) FALSE

SECTION 2. VOCABULARY AND GRAMMAR. (10 points)
Read the following sentences and put suitable words from the table in each space. Write your answers on the answer sheet below. (5 points)

A. usufruct B. exclusive right C. bill of exchange D. possessory E. trustbuster

6. 
   The _________ means the possibility to be transferre (UK) negotiable instrument for a specified sum of money which is written and Signed by three parties; the drawer (the person paying), the drawee (the person who will conduct payment) and the payee (the person who receives the payment)d.
   
7. 
   _________ is a right to use another person's property for a period of time, to be later restored to the owner with only ordinary wear and tear.
   
8. 
   _________ means a sole power or privilege under the law.
   
9. 
   _________ (US) is a person who fights against anticompetitive trusts, often a federal officer.
   
10. 
    _________ is a type of security interest whereby the creditor has the right to control the property
    

(11) C

(12) A

(13) B

(14) E

(15) D

Questions 16-20. Complete the sentences below using the words in the box..
(5 points)

A. charge B. part C. place D. possession E. precedence

6. 
   With a possessory interest. the creditor takes __________ of the property which is the security interest.
   
7. 
   In order to invoke consensual security interests against third parties, perfection of the security interest must take __________ .
   
8. 
   Receivership is the situation in which, during bankruptcy proceedings of an insolvent corporation or person, the court appoints a person to take__________ of all assets in order to preserve them for creditors.
   
9. 
   I really think you should take __________ in the seminar.
   
10. 
    I'm sure you will agree that this court appearance takes __________ over the seminar.
    

(16) E

(17) C

(18) A

(19) B

(20) D