Question 1

The civil law system is based on the ______ legal heritage.

Accepted Answer

A)  English 
B)  Roman 
C)  American 
D)  Italian 
A)  English 
B)  Roman 
C)  American 
D)  Italian B

Question 2

The civil law system relies heavily on ________ to define the laws.

Accepted Answer

written codes

Question 3

The CISG provisions do not apply to transactions in which one party is a _______.

Accepted Answer

nonmerchant

Question 4

Pierre and Fritz have an oral agreement to ship goods from Switzerland to Quebec, Canada. If the CISG applies:

Accepted Answer

A)  there is no contract to ship the goods because it is not in writing. 
B)  there is no contract to ship the goods because both Pierre and Fritz are not European. 
C)  the oral agreement is binding only if the goods are shipped and received without protest from either party. 
D)  there may be a contract, depending on the totality of the circumstances. 
A)  there is no contract to ship the goods because it is not in writing. 
B)  there is no contract to ship the goods because both Pierre and Fritz are not European. 
C)  the oral agreement is binding only if the goods are shipped and received without protest from either party. 
D)  there may be a contract, depending on the totality of the circumstances.

Question 5

What is the main problem with international courts?

Accepted Answer

A)  finding judges who understand the complexities of international law 
B)  creating a body of law that reflects multiple legal systems 
C)  enforcing a ruling on sovereign nations 
D)  lacking recognition from the United Nations and World Trade Organization 
A)  finding judges who understand the complexities of international law 
B)  creating a body of law that reflects multiple legal systems 
C)  enforcing a ruling on sovereign nations 
D)  lacking recognition from the United Nations and World Trade Organization

Question 6

Which of the following is not a major part of the Foreign Corrupt Practices Act?

Accepted Answer

A)  requiring that corporations keep accurate records, books, and accounts 
B)  requiring that corporations refrain from committing copyright violations abroad 
C)  prohibiting bribery of foreign officials by American corporations 
D)  requiring that issuers registered with the Securities and Exchange Commission maintain a responsible internal accounting control system 
A)  requiring that corporations keep accurate records, books, and accounts 
B)  requiring that corporations refrain from committing copyright violations abroad 
C)  prohibiting bribery of foreign officials by American corporations 
D)  requiring that issuers registered with the Securities and Exchange Commission maintain a responsible internal accounting control system

Question 7

How are the International Court of Justice's rulings enforced?

Accepted Answer

A)  in no way (There are no means to enforce the judgments.) 
B)  through the U.N. Security Council 
C)  through monetary sanctions 
D)  through unilateral agreement by the parties before their case is heard 
A)  in no way (There are no means to enforce the judgments.) 
B)  through the U.N. Security Council 
C)  through monetary sanctions 
D)  through unilateral agreement by the parties before their case is heard

Question 8

Under the concept of sovereign immunity, a foreign country is exempt from jurisdiction in U.S. courts.

Accepted Answer

A) True 
 B)False

Question 9

An international arbitration usually has no connection with the country in which the arbitration is being held.

Accepted Answer

A) True 
 B)False

Question 10

What are the sources of international law? Briefly discuss each.

Accepted Answer

The three primary sources of internation

Question 11

What are the four major differences between the UCC and the CISG?

Accepted Answer

The first of the major differences is th

Question 12

If Gina, an American musician, sold copies of her latest album in Great Britain, her music would be protected the same as that of a British citizen under the:

Accepted Answer

A)  Vienna Convention on the Law of Treaties 
B)  Paris Convention 
C)  Madrid Protocol 
D)  Berne Convention 
A)  Vienna Convention on the Law of Treaties 
B)  Paris Convention 
C)  Madrid Protocol 
D)  Berne Convention

Question 13

What is the major difference between domestic and international arbitrations?

Accepted Answer

A)  The arbitration rules differ between the arbitration organizations. 
B)  International arbitration awards have wide enforceability in many countries. 
C)  International arbitration awards have limited enforceability in many countries. 
D)  American courts do not recognize the validity of international arbitration. 
A)  The arbitration rules differ between the arbitration organizations. 
B)  International arbitration awards have wide enforceability in many countries. 
C)  International arbitration awards have limited enforceability in many countries. 
D)  American courts do not recognize the validity of international arbitration.

Question 14

What type of legal system would a government that based its laws on the tenets of Buddhism have?

Accepted Answer

A)  a karma law system 
B)  a blended legal system 
C)  a religious-based legal system 
D)  a mixed legal system 
A)  a karma law system 
B)  a blended legal system 
C)  a religious-based legal system 
D)  a mixed legal system

Question 15

The right of a seller to cure any problems with the goods ends when the time for performance has ended under CISG.

Accepted Answer

A) True 
 B)False

Question 16

What are the roles of the International Court of Justice?

Accepted Answer

The main roles of the International Cour

Question 17

There are no exemptions to the doctrine of sovereign immunity.

Accepted Answer

A) True 
 B)False

Question 18

Mediation is an involuntary process that involves a third-party decision maker.

Accepted Answer

A) True 
 B)False

Question 19

International Chamber of Commerce terms and abbreviations are usually used in conjunction with the CISG.

Accepted Answer

A) True 
 B)False

Question 20

The idea that nations defer to and give effect to laws and court decisions is referred to as ______.

Accepted Answer

The answer of The idea that nations defer to and...

Exam 26: International Law and Global Commerce

The civil law system is based on the ______ legal heritage.

The civil law system relies heavily on ________ to define the laws.

The CISG provisions do not apply to transactions in which one party is a _______.

Pierre and Fritz have an oral agreement to ship goods from Switzerland to Quebec, Canada. If the CISG applies:

What is the main problem with international courts?

Which of the following is not a major part of the Foreign Corrupt Practices Act?

How are the International Court of Justice's rulings enforced?

Under the concept of sovereign immunity, a foreign country is exempt from jurisdiction in U.S. courts.

An international arbitration usually has no connection with the country in which the arbitration is being held.

What are the sources of international law? Briefly discuss each.

What are the four major differences between the UCC and the CISG?

If Gina, an American musician, sold copies of her latest album in Great Britain, her music would be protected the same as that of a British citizen under the:

What is the major difference between domestic and international arbitrations?

What type of legal system would a government that based its laws on the tenets of Buddhism have?

The right of a seller to cure any problems with the goods ends when the time for performance has ended under CISG.

What are the roles of the International Court of Justice?

There are no exemptions to the doctrine of sovereign immunity.

Mediation is an involuntary process that involves a third-party decision maker.

International Chamber of Commerce terms and abbreviations are usually used in conjunction with the CISG.

The idea that nations defer to and give effect to laws and court decisions is referred to as ______.

Legal Foundations

Business and the Constitution

The American Judicial System, Jurisdiction, and Venue

Resolving Disputes: Litigation and Alternative Dispute Resolution Options

Business, Societal, and Ethical Contexts of Law

Overview and Language of Contracts

Contract Formation

Contract Performance: Conditions, Breach, and Remedies

Contracts for the Sale of Goods

Torts and Products Liability

Agency

Employment Relationships and Labor Law

Employment Discrimination

Choice of Business Entity, Sole Proprietorships, and Partnerships

Limited Liability Companies and Limited Liability Partnerships

Corporations

Regulation of Securities, Corporate Governance, and Financial Markets

Administrative Law

Environmental Law and Policy

Antitrust and Regulation of Competition

Creditors Rights and Bankruptcy

Consumer Protection Law

Criminal Law and Procedure in Business

Personal Property, Real Property, and Land Use Law

Intellectual Property

Filters