Question 1

Which of the following statements best describes common law?

Accepted Answer

A) Common law is law that is the same or similar in all states. 
B) Common law is derived from statutes and codes made by legislatures. 
C) Common law is based on Justinian and Napoleonic codes. 
D) Common law requires judges to base their decisions on prior cases. 
A) Common law is law that is the same or similar in all states. 
B) Common law is derived from statutes and codes made by legislatures. 
C) Common law is based on Justinian and Napoleonic codes. 
D) Common law requires judges to base their decisions on prior cases. D

Question 2

The doctrine of stare decisis is ​fundamental to

Accepted Answer

A) ​civil law. 
B) ​common law. 
C) ​Islamic law. 
D) ​customary international law. 
A) ​civil law. 
B) ​common law. 
C) ​Islamic law. 
D) ​customary international law. B

Question 3

UN peacekeeping forces are sent into a developing nation to help the elected government resist an attempted coup by rebels.This action was ordered by the

Accepted Answer

A) Economic and Social Council. 
B) International Court of Justice. 
C) UN Security Council. 
D) Secretariat. 
A) Economic and Social Council. 
B) International Court of Justice. 
C) UN Security Council. 
D) Secretariat. C

Question 4

Various agencies that have great impact on world business operate under the United Nations.Name these organizations and describe the purpose of each.

Accepted Answer

The World Bank: its purpose is to end po

Question 5

_______ is the term used to describe certain fundamental principles of international law that cannot be altered by custom or practice.

Accepted Answer

A) Extraterritoriality 
B) Sovereign immunity 
C) Gharar 
D) Customary international law 
A) Extraterritoriality 
B) Sovereign immunity 
C) Gharar 
D) Customary international law

Question 6

Islamic law,the legal system influenced by the religion of Islam,is referred to as shari'a.

Accepted Answer

A) True 
 B)False

Question 7

The process of Islamic legal and religious reasoning is called

Accepted Answer

A) stare decisis 
B) ijtihad 
C) shari'a 
D) jus cogens 
A) stare decisis 
B) ijtihad 
C) shari'a 
D) jus cogens

Question 8

The Australian government has opened a for-profit tourist information center in New York City.If a dispute arises over the lease of the storefront,may the landlord sue the Australian government in the United States courts?

Accepted Answer

A) Yes,because the Australian government was engaged in a commercial activity. 
B) No,because the Foreign Sovereign Immunities Act forbids U.S.courts from hearing any case (without exception)that involves a foreign government. 
C) No,because the only way the Australian government can be sued is if it signed a written waiver of immunity. 
D) Yes,because the Australian government violated international law. 
A) Yes,because the Australian government was engaged in a commercial activity. 
B) No,because the Foreign Sovereign Immunities Act forbids U.S.courts from hearing any case (without exception)that involves a foreign government. 
C) No,because the only way the Australian government can be sued is if it signed a written waiver of immunity. 
D) Yes,because the Australian government violated international law.

Question 9

Explain what the General Agreement on Tariffs and Trade (GATT)is and give pro and con arguments concerning this agreement.

Accepted Answer

GATT refers to the General Agreement on

Question 10

NAFTA is a trade agreement between the United States,Canada,and Mexico.

Accepted Answer

A) True 
 B)False

Question 11

International rules that have become binding through a pattern of consistent,longstanding behavior are referred to as customary international law.

Accepted Answer

A) True 
 B)False

Question 12

The principle that the courts of one nation lack the power to hear suits against foreign governments is called

Accepted Answer

A) judicial illegitimacy. 
B) national jurisdiction. 
C) judicial independence. 
D) sovereign immunity. 
A) judicial illegitimacy. 
B) national jurisdiction. 
C) judicial independence. 
D) sovereign immunity.

Question 13

The primary goal of the North American Free Trade Agreement (NAFTA)was to

Accepted Answer

A) allow Canada,the United States,and Mexico to compete as a common economic entity against other countries in the world. 
B) allow for the free and unrestricted movement of people from one country to another to improve the labor market of Canada,the United States,and Mexico. 
C) eliminate almost all trade barriers between Canada,the United States,and Mexico. 
D) establish a common set of tariffs and trade restrictions for external countries. 
A) allow Canada,the United States,and Mexico to compete as a common economic entity against other countries in the world. 
B) allow for the free and unrestricted movement of people from one country to another to improve the labor market of Canada,the United States,and Mexico. 
C) eliminate almost all trade barriers between Canada,the United States,and Mexico. 
D) establish a common set of tariffs and trade restrictions for external countries.

Question 14

The World Bank's mission is to end poverty by encouraging development.It does so by lending money to poor countries on favorable terms.

Accepted Answer

A) True 
 B)False

Question 15

The Uniform Foreign Money Judgments Recognition Act provides that U.S.courts will recognize foreign judgments provided certain conditions are met.Which of the following is NOT one of those conditions?

Accepted Answer

A) The defendant was given notice and an opportunity to appear. 
B) The award was based on a full and fair trial by an impartial tribunal with proper jurisdiction. 
C) The judgment was not fraudulent or against public policy. 
D) The case was heard in an American court. 
A) The defendant was given notice and an opportunity to appear. 
B) The award was based on a full and fair trial by an impartial tribunal with proper jurisdiction. 
C) The judgment was not fraudulent or against public policy. 
D) The case was heard in an American court.

Question 16

The International Chamber of Commerce (ICC)is the world's largest global business organization.

Accepted Answer

A) True 
 B)False

Question 17

Explain the origin and purpose of the World Trade Organization.

Accepted Answer

The WTO was established by GATT.It has t

Question 18

How did it come about that China,France,Russia,the United Kingdom,and the United States are the five permanent members of the United Nations Security Council?

Accepted Answer

A) They were the primary victors in World War II. 
B) They are the nations with the largest populations. 
C) They are the economic leaders of the world. 
D) They are the nations with the largest military forces. 
A) They were the primary victors in World War II. 
B) They are the nations with the largest populations. 
C) They are the economic leaders of the world. 
D) They are the nations with the largest military forces.

Question 19

A contract involving the sale of goods from a Texas seller to a French wholesaler must always use the United Nations Convention on Contracts for the International Sale of Goods (CISG).

Accepted Answer

A) True 
 B)False

Question 20

In which nation is shari'a most likely to be practiced?

Accepted Answer

A) Saudi Arabia 
B) Australia 
C) Brazil 
D) Israel 
A) Saudi Arabia 
B) Australia 
C) Brazil 
D) Israel

Exam 3: International Law

Which of the following statements best describes common law?

The doctrine of stare decisis is ​fundamental to

UN peacekeeping forces are sent into a developing nation to help the elected government resist an attempted coup by rebels.This action was ordered by the

Various agencies that have great impact on world business operate under the United Nations.Name these organizations and describe the purpose of each.

_______ is the term used to describe certain fundamental principles of international law that cannot be altered by custom or practice.

Islamic law,the legal system influenced by the religion of Islam,is referred to as shari'a.

The process of Islamic legal and religious reasoning is called

The Australian government has opened a for-profit tourist information center in New York City.If a dispute arises over the lease of the storefront,may the landlord sue the Australian government in the United States courts?

Explain what the General Agreement on Tariffs and Trade (GATT)is and give pro and con arguments concerning this agreement.

NAFTA is a trade agreement between the United States,Canada,and Mexico.

International rules that have become binding through a pattern of consistent,longstanding behavior are referred to as customary international law.

The principle that the courts of one nation lack the power to hear suits against foreign governments is called

The primary goal of the North American Free Trade Agreement (NAFTA)was to

The World Bank's mission is to end poverty by encouraging development.It does so by lending money to poor countries on favorable terms.

The Uniform Foreign Money Judgments Recognition Act provides that U.S.courts will recognize foreign judgments provided certain conditions are met.Which of the following is NOT one of those conditions?

The International Chamber of Commerce (ICC)is the world's largest global business organization.

Explain the origin and purpose of the World Trade Organization.

How did it come about that China,France,Russia,the United Kingdom,and the United States are the five permanent members of the United Nations Security Council?

A contract involving the sale of goods from a Texas seller to a French wholesaler must always use the United Nations Convention on Contracts for the International Sale of Goods (CISG).

In which nation is shari'a most likely to be practiced?

Introduction to Law

Ethics and Corporate Social Responsibility

Common Law, Statutory Law, and Administrative Law

Constitutional Law

Dispute Resolution

Crime

Intentional Torts and Business Torts

Negligence, Strict Liability, and Product Liability

Privacy and Internet Law

Introduction to Contracts

Agreement: Offers and Acceptances

Consideration

Legality

Voidable Contracts: Capacity and Consent

Written Contracts

Third Parties

Contract Termination

Remedies

Practical Contracts

Introduction to Sales

Ownership, Risk and Warranties

Performance and Remedies

Secured Transactions

Creating a Negotiable Instrument

Liability for Negotiable Instruments

Accountants Liability

Agency Law

Employment and Labor Law

Employment Discrimination

Starting a Business: Llcs and Other Options

Partnerships

Life and Death of a Corporation

Management Duties

Shareholder Rights

Bankruptcy

Securities Regulation

Antitrust

Consumer Protection

Environmental Law

Intellectual Property

Real Property and Landlord Tenant Law

Personal Property and Bailment

Planning for the Future: Wills, Trusts and Insurance

Filters

The doctrine of stare decisis is fundamental to