Question 1

Because the laws are similar in most countries,there are few problems with international sales contracts.

Accepted Answer

A) True 
 B)False

Question 2

"Conflict of Laws" in an international setting refers to which nation's laws apply to when a court hears a case.

Accepted Answer

A) True 
 B)False

Question 3

U.S.lawyers generally prefer to draft contracts in exacting,detailed,and technical language while Japanese contracts generally tend to be short and with relatively little detail.

Accepted Answer

A) True 
 B)False

Question 4

Socialist law is less flexible and more mechanical than the common law.

Accepted Answer

A) True 
 B)False

Question 5

How are the concerns of CISG Article 77 reflected in U.S.law? How does U.S.law diverge from Article 77?

Accepted Answer

The concerns of CISG Article 77, which d

Question 6

In the U.S.,the remedy of specific performance is limited to those instances where:

Accepted Answer

A)  Money damages would be sufficient, but the injured party does not want them. 
B)  The goods are unique. 
C)  The buyer does not want the goods for which he contracted. 
D)  The seller wants to force the buyer to take the goods. 
A)  Money damages would be sufficient, but the injured party does not want them. 
B)  The goods are unique. 
C)  The buyer does not want the goods for which he contracted. 
D)  The seller wants to force the buyer to take the goods.

Question 7

The following elements are all considered to be key elements materially altering the terms of an offer when included with an acceptance under the CISG except:

Accepted Answer

A)  Price. 
B)  Place and time of delivery. 
C)  Specification of the ship to be used for carriage. 
D)  Settlement of disputes. 
A)  Price. 
B)  Place and time of delivery. 
C)  Specification of the ship to be used for carriage. 
D)  Settlement of disputes.

Question 8

Scenario
An attempt by an American buyer to avoid paying a French seller for goods after ignoring the French seller's request for additional time to perform the contract,which goods were delivered six days after the date provided in the contract.

Accepted Answer

Utilizing the CISG,the French seller may

Question 9

Re-write that contract using U.S.law.

Accepted Answer

To rewrite a contract using U.S. law, on

Question 10

A force majeure clause serves as a general excuse for nonperformance of a sales contract in all situations.

Accepted Answer

A) True 
 B)False

Question 11

The Convention on Contracts for the International Sale of Goods (CISG)was developed to give U.S.business an advantage in international sales contracts.

Accepted Answer

A) True 
 B)False

Question 12

A buyer of goods has no obligation under the CISG to examine goods promptly when received and give notice of an error in shipment.

Accepted Answer

A) True 
 B)False

Question 13

If the price term is not fixed under CISG,there is no way to have a valid sales contract.

Accepted Answer

A) True 
 B)False

Question 14

Write that same contract using CISG law.

Accepted Answer

The United Nations Convention on Contrac

Question 15

U.S.Wheat Sales,Inc.has a contract with Zambia to supply 1,000,000 bushels of wheat.Before shipment,the U.S.government put an embargo on the sale of wheat to Zambia.U.S.Wheat cannot ship.In a legal action:

Accepted Answer

A)  U.S. Wheat would be liable for breach of contract and have to pay damages. 
B)  U.S. Wheat will have to get wheat from other sources and specifically perform. 
C)  U.S. Wheat will be excused from performance because of the doctrine of impossibility of performance. 
D)  None of the above is correct. 
A)  U.S. Wheat would be liable for breach of contract and have to pay damages. 
B)  U.S. Wheat will have to get wheat from other sources and specifically perform. 
C)  U.S. Wheat will be excused from performance because of the doctrine of impossibility of performance. 
D)  None of the above is correct.

Question 16

The Uniform Commercial Code has provisions applicable to international business allowing substituted performance.

Accepted Answer

A) True 
 B)False

Question 17

It is a firmly held principle of international contract law that a seller is always obliged to supply goods in conformity with the provisions of public law applicable in the country of importation.

Accepted Answer

A) True 
 B)False

Question 18

Historically,multinational corporations were at a disadvantage in contact negotiations with developing countries.

Accepted Answer

A) True 
 B)False

Question 19

Under common law,a contract is formed when dispatched by the offeree.

Accepted Answer

A) True 
 B)False

Question 20

Contract negotiations in Japan are characterized by all of the following except:

Accepted Answer

A)  The Japanese desire for group harmony and consensus. 
B)  The importance of not losing face or becoming embarrassed. 
C)  The presence of lawyers during the negotiations to insure that their clients' legal interests are protected. 
D)  The desire to develop a long-lasting business relationship. 
E)  All of the above are characteristic of contract negotiations in Japan. 
A)  The Japanese desire for group harmony and consensus. 
B)  The importance of not losing face or becoming embarrassed. 
C)  The presence of lawyers during the negotiations to insure that their clients' legal interests are protected. 
D)  The desire to develop a long-lasting business relationship. 
E)  All of the above are characteristic of contract negotiations in Japan.

Exam 4: Sales Contracts and Excuses for Nonperformance

Because the laws are similar in most countries,there are few problems with international sales contracts.

"Conflict of Laws" in an international setting refers to which nation's laws apply to when a court hears a case.

U.S.lawyers generally prefer to draft contracts in exacting,detailed,and technical language while Japanese contracts generally tend to be short and with relatively little detail.

Socialist law is less flexible and more mechanical than the common law.

How are the concerns of CISG Article 77 reflected in U.S.law? How does U.S.law diverge from Article 77?

In the U.S.,the remedy of specific performance is limited to those instances where:

The following elements are all considered to be key elements materially altering the terms of an offer when included with an acceptance under the CISG except:

Scenario An attempt by an American buyer to avoid paying a French seller for goods after ignoring the French seller's request for additional time to perform the contract,which goods were delivered six days after the date provided in the contract.

Re-write that contract using U.S.law.

A force majeure clause serves as a general excuse for nonperformance of a sales contract in all situations.

The Convention on Contracts for the International Sale of Goods (CISG)was developed to give U.S.business an advantage in international sales contracts.

A buyer of goods has no obligation under the CISG to examine goods promptly when received and give notice of an error in shipment.

If the price term is not fixed under CISG,there is no way to have a valid sales contract.

Write that same contract using CISG law.

U.S.Wheat Sales,Inc.has a contract with Zambia to supply 1,000,000 bushels of wheat.Before shipment,the U.S.government put an embargo on the sale of wheat to Zambia.U.S.Wheat cannot ship.In a legal action:

The Uniform Commercial Code has provisions applicable to international business allowing substituted performance.

It is a firmly held principle of international contract law that a seller is always obliged to supply goods in conformity with the provisions of public law applicable in the country of importation.

Historically,multinational corporations were at a disadvantage in contact negotiations with developing countries.

Under common law,a contract is formed when dispatched by the offeree.

Contract negotiations in Japan are characterized by all of the following except:

Introduction to International Business

International Law and the Worlds Legal Systems

Resolving International Commercial Disputes

The Documentary Sale and Terms of Trade

The Carriage of Goods and the Liability of Air and Sea Carriers

Bank Collections, Trade Finance, and Letters of Credit

National Lawmaking Powers and the Regulation of Ustrade

Gatt Law and the World Trade Organization: Basic Principles

Laws Governing Access to Foreign Markets

Regulating Import Competition and Unfair Trade

Imports, Customs, and Tariff Law

The Regulation of Exports

North American Free Trade Law

The European Union and Other Regional Trade Areas

International Marketing Law: Sales Representatives, Advertising, and Ethical Issues

Licensing Agreements and the Protection of Intellectual Property Rights

Takings and National Controls on Foreign Direct Investment

Labor and Employment Discrimination Law

Environmental Law

Regulating the Competitive Environment

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