Choose the best word to fill in the blanks.
Roshan acknowledges that late payment of rent will cause Ram, his landlord to (1)______ costs not contemplated by their Lease, the exact amount of which will be extremely difficult to (2)____. These costs include, but are not (3)_____ to, processing and accounting charges, and late charges which may be (4)____ on landlord by the terms of any Superior Leases and Mortgages. Accordingly, if any installment of Monthly Rent or payment of additional rent is not received by Ram or landlord’s assignee within fifteen days after the amount is (5)_____, Roshan shall pay to Ram a late charge equal to ten percent of said amount. Acceptance of late charges by Ram shall not constitute a waiver of Roshan’s default with respect to said amount, nor prevent Ram from (6)____ any of the other rights and remedies granted here under or at law or inequity.
1. (a) derive (b) acquire (c) collect (d) incur
2. (a)affirm (b) classify (c) ascertain (d) locate
3. (a) contained (b) limited (c) held (d) bound
4. (a) imposed (b) dictated (c) obliged (d) required
5. (a) owing (b) scheduled (c) due (d) unpaid
6. (a) practising (b) exercising (c) commanding (d) undertaking.
1. (d) incur
The passage says that Roshan’s late payment of rent will cause his landlord to fine him. This means Rohan will have to pay extra. Now, the amount he has to pay will exceed the rent or the amount contemplated under his rent agreement. The word in the blank should convey the idea that Rohan will have to pay extra money because he didn’t pay rent on time. Among the options, ‘incur’ fits perfectly in the context of the sentence. ‘Incur’ means to experience something, usually something unpleasant, as a result of actions you have taken. If you incur a cost, debt, or a fine, you have to pay money because of something you have done. Therefore, 'incur' is an apt answer.
2. (c) ascertain
The passage says that the exact amount of the incurred cost will be extremely difficult to determine. The word in the blank should mean ‘to find out or say for sure.’ So, ‘ascertain’ which means to find something out for certain or make sure of, fits the blank. ‘Affirm’ means to state something publicly; ‘classify’ means to assign to a particular class or category; ‘locate’ means to discover the exact place or position of something.
3. (b) limited
Since the previous sentence states that the exact amount is difficult to ascertain, the word in the blank should mean ‘limited/restricted.’ Therefore, 'limited' is the apt answer.
4. (a) imposed
The only verb that goes well with “on landlord” is imposed. ‘Imposed on someone’ means to officially force someone to accept something. The sentence tries to say that Rohan is also responsible for paying any late charges that are imposed on his landlord. Therefore, 'imposed' is an apt answer.
5. (c) due
With the time period (fifteen days), the word “due” should be used. The sentence tries to say that Rohan shall pay a late charge to his landlord if he fails to pay the amount due (the instalment of monthly rent or additional rent) within fifteen days. Amount due refers to the total money due for goods or services to be paid at the due date. Therefore, 'due' is an apt answer.
6. (b) exercising
We need a word in the blank that means ‘utilise/use.’ If you exercise something such as your authority, your rights, or good quality, you use it or put it into effect. The word ‘exercise’ is always used with ‘rights.’ Therefore, 'exercising' is an apt answer.