Tashkent State University of Law English for Law students Final exam paper for 2nd year students’

Tashkent State University of Law
English for Law students
Final exam paper for 2nd year students’
2021-2022 academic year, Fall term

PART I. (20 POINTS)
Reading. (10 points)
What Is Commercial Law?
Commercial law is a body of law that regulates the conduct of persons, merchants, and businesses who are engaged in trade, sales, and commerce. Also known as business law, it is a broad area of law that interacts with many other areas of law such as environmental regulation, real estate, and food/safety laws.
Some of the main branches of commercial law are consumer protection, contract laws, and intellectual property laws.
What Are Some Common Commercial Law Legal Issues?
Commercial and business laws are associated with some distinct legal issues. Contract violations form a major part of most commercial law legal issues. Transactions between businesses and with customers often involve a contract, and legal issues can frequently arise in connection with the terms of that contract. In particular, a breach of contract can cause significant losses for either party.
In addition to contract issues, common commercial law legal issues include:
Advertising and marketing disputes and violations
Unfair competition issues
Starting a new business
Transferring or terminating a business
Consumer complaints
Protection of intellectual property and trade secrets
As mentioned above, commercial disputes can often involve a mixture of different laws in other areas, such as environmental law or real estate law.


Read the text and decide whether the statements (1-5) are true or false.
(Each correct answer is worth 1 point.)

1. 
   Commercial law is a body of law that governs the actions of individuals, merchants, and corporations engaged in trade, sales, and commerce.
   
2. 
   Consumer protection, contract law, and intellectual property law are some of the least important areas of business law.
   
3. 
   Commercial and commercial laws are linked to a variety of legal concerns. Most commercial law legal matters include contract breaches in some capacity.
   
4. 
   A breach of contract, in particular, can result in fractional damages for parties.
   
5. 
   Commercial conflicts sometimes entail the application of laws from other fields, such as criminal or real business law.