11. Do the words in italics refer to a present or past situation? Scan the text to locate the sentences in context and check.

1. We () have to take that into consideration.

2. the authorities () could and should have put a stop to it

3. when a family could no longer afford the repayments on their home and () had to leave

4. it () should not be overlooked

5. those people who borrowed money to buy a house[ ... ] () must take the major share of the blame

6. Perhaps it is even time to reconsider some 19th-century notions of how we () are supposed to feel about debt.

12. Correct the modal verb mistakes in bold in these sentences.

1. I realise that the meeting is due to finish now, but I (had to) say something before we leave.

2. It is sad that his company has just gone bust, but he really (should have) taken out such a big loan.

3. A vital element of a successful business is communication: there absolutely (must to be) honesty and openness between the management and the rest of the staff.

4. I had to give a presentation at work first thing this morning, but I was too tired to do a good job. I really (ought to get) more sleep last night.

5. When you arrive at work, you (are supposed to have signed) in at reception. I forgot to do that this morning.