DAY 1 · VOCABULARY IN CONTEXT — RECOGNITION & MEANING
What Is Corporate Law?
Tatiana opens the week by understanding the core vocabulary of corporate law in English, right from the video she'll watch.
0–5 min
Watch the video
5–15 min
Comprehension questions
15–25 min
Vocabulary in context
25–30 min
Speaking
▸ TODAY'S VIDEO
Alasdair Taylor — Taylor Vinters
Corporate Law Explained | How Companies Exist as Legal Persons
📌 Watch the first 7–8 minutes. Pay close attention to how the narrator uses the words 'liabilities', 'assets', and 'shareholders'.
OPEN ON YOUTUBE →
▸ HOW TO USE YOUR 30 MINUTES
0–5 min
Watch the video (first 7–8 min)
5–15 min
Answer comprehension questions
15–25 min
Vocabulary in context exercises
25–30 min
Speaking — read aloud
▸ COMPREHENSION — answer in English, aloud or in writing
Q1
According to the video, why can a company be sued independently of its owners?
💡 Think about the concept of 'separate legal entity' — the company exists on its own.
Q2
What does the video say about the relationship between shareholders and company liabilities?
💡 Are shareholders personally responsible for what the company owes?
Q3
The video mentions that corporate law functions like a 'rulebook'. What does that rulebook govern?
💡 Think about who it protects: investors, creditors, the public.
Q4
How does corporate law promote accountability among directors and executives?
💡 What happens when directors act against the company's interests?
▸ VOCABULARY IN CONTEXT — choose the correct meaning
Corporate law ensures that businesses operate transparently, ethically, and efficiently within the legal system.
'Transparently' means openly, with nothing hidden — the opposite of concealment or fraud.
If the company cannot pay its debts, its liabilities may exceed its assets.
Liabilities are everything the company owes — debts, obligations, pending lawsuits.
When a director commits fraud, she can be held liable even if she claims she didn't know.
'Be held liable' means a court or legal process determines you are responsible and must answer for it.
The shareholders voted to remove the CEO after the scandal came to light.
Shareholders are the owners of the company through their shares — they have voting rights on major decisions.
The new rulebook for corporate governance requires all board meetings to be recorded.
A 'rulebook' in corporate law refers to the body of rules that governs how the company must behave.
🎙 SPEAKING — READ ALOUD
Say aloud, 3 times, in complete sentences:
→
Corporate law ensures that companies operate transparently and ethically.
→
Shareholders are not personally responsible for the company's liabilities.
→
When fraud occurs, directors can be held liable for their actions.
🔴 RECORD & SEND — VOCAROO
🎙 OPEN VOCAROO →
After practising, record yourself reading the 3 sentences above. Then send the link to your teacher on WhatsApp.
01
Click the button below to open Vocaroo.02
Press the red button to start recording. Read the 3 sentences clearly.03
Press stop, then click "Copy Link" to copy your recording URL.04
Open WhatsApp and send the link with the message: "Day 1 speaking — done! ✓"Your teacher will listen to your recording and give you feedback before your next session.