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Tip 5.  What do we do with rights?

Which word completes this sentence?

After a consumer concludes a contract online, he has 14 days to .................... his right to cancel the contract without giving a reason.

A. execute

Wrong answer, try again!

B. exercise

Correct answer!

Comment:

Under a contract, we perform our obligations but exercise our rights (in the sense of using / taking advantage of them).

If you waive a right, you voluntarily give it up.

In legal English, 'to execute' can mean to make a legal instrument (e.g. a deed) valid by signing it in the appropriate way, or to "carry out (a judicial sentence, the terms of a will, or other order): police executed a search warrant." (Source: Oxford Dictionary of English)

C. perform

Wrong answer, try again!

D. waive

Wrong answer, try again!