Test yourself

Read the clause and then write the missing words to fill in the blanks. There are no points awarded for incorrectly spelled or incomplete words.
Use of capitals is not important here. Please note that the questions in this section are worth two points each.} TA S9

Default Clause

In the (2 p.) that the Buyer fails to (2 p.) to any of the payment terms and conditions stipulated in this Contract of Sale or commits any breach of the representations, (2 p.) , or covenants contained herein, such action shall be (2 p.) a default under this Agreement. Upon the occurrence of any such default, the Seller shall provide the Buyer with written (2 p.) specifying the nature of the default and allowing a cure period of ten (10) business days from the date of notice receipt for the Buyer to (2 p.) the default.

Should the Buyer fail to rectify the default within the specified cure period, the Seller shall have the right to exercise any one or more of the following remedies: (a) terminate this Agreement forthwith without (2 p.) to any other right or remedy which may be available to the Seller under this Agreement or at law; (b) demand immediate payment of all outstanding amounts (2 p.) under this Agreement; (c) withhold further delivery of any goods pending under this Agreement; and (d) pursue any additional legal or (2 p.) remedies.

The rights and remedies provided in this clause are cumulative and not exclusive of any rights or remedies provided by law or any other clause in this Agreement. The failure of the Seller to enforce at any time any of the provisions of this Agreement shall in no way be (2 p.) as a waiver of such provisions.

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