Question 1

A carrier can be held liable for breach of contract for damages for the misdelivery of goods.

Accepted Answer

A) True 
 B)False

Question 2

Rich Maes contracts to deliver bison meats to David in Spain on a destination international commercial term.However,while five (5)days out in the Atlantic Ocean,the ship carrying the bison meats sinks due to extreme storm.Under the destination designation the risk of loss is with:

Accepted Answer

A)  seller 
B)  buyer 
C)  carrier 
D)  ship manufacturer 
A)  seller 
B)  buyer 
C)  carrier 
D)  ship manufacturer

Question 3

A sale made with terms "CIF Tokyo" includes in the price quoted for the goods which of the following:

Accepted Answer

A)  cash, in-transit expenses, foreign exchange expenses. 
B)  cash, insurance, freight. 
C)  cost, insurance, freight. 
D)  currency exchange expenses, insurance, freight. 
A)  cash, in-transit expenses, foreign exchange expenses. 
B)  cash, insurance, freight. 
C)  cost, insurance, freight. 
D)  currency exchange expenses, insurance, freight.

Question 4

Compare and contrast the instances in which an individual holding a bill of lading will and will not be protected from the adverse claims of third parties.

Accepted Answer

An individual holding a bill of lading w

Question 5

Prepare an invoice that contemplates any number of the following: ocean freight and insurance costs,ground transportation costs,port charges,customs fees,forwarder's fees,and communications expenses.

Accepted Answer

To prepare an invoice that contemplates

Question 6

What are the benefits and possible detriments of using an inspection firm?

Accepted Answer

Using an inspection firm can have severa

Question 7

Under Cedar Petrochemicals,Incoterms are incorporated into the body of the CISG and into the contract if the CISG applies to the underlying contract.

Accepted Answer

A) True 
 B)False

Question 8

Negotiable instruments are unconditional promises to pay.

Accepted Answer

A) True 
 B)False

Question 9

Consider when a shipping term as opposed to contradictory contract language will be most persuasive in identifying the type of contract.Vice versa?

Accepted Answer

In the context of international trade, s

Question 10

Compare and contrast the circumstances under which a buyer would and would not accept "E"-term contracts.

Accepted Answer

"Compare and contrast the circumstances

Question 11

The difference between terms "CFR" and "CIF" is that under "CIF" term of sale,the buyer must procure his own marine insurance coverage on the goods.

Accepted Answer

A) True 
 B)False

Question 12

The two types of contracts named for the point at which responsibility for loss is transferred from seller to buyer is:

Accepted Answer

A)  point of import, point of export. 
B)  origination, destination. 
C)  destination, shipment. 
D)  none of these; the seller always assumes the risk of shipment. 
A)  point of import, point of export. 
B)  origination, destination. 
C)  destination, shipment. 
D)  none of these; the seller always assumes the risk of shipment.

A carrier can be held liable for breach of contract for damages for the misdelivery of goods.

Rich Maes contracts to deliver bison meats to David in Spain on a destination international commercial term.However,while five (5)days out in the Atlantic Ocean,the ship carrying the bison meats sinks due to extreme storm.Under the destination designation the risk of loss is with:

A sale made with terms "CIF Tokyo" includes in the price quoted for the goods which of the following:

Compare and contrast the instances in which an individual holding a bill of lading will and will not be protected from the adverse claims of third parties.

Prepare an invoice that contemplates any number of the following: ocean freight and insurance costs,ground transportation costs,port charges,customs fees,forwarder's fees,and communications expenses.

What are the benefits and possible detriments of using an inspection firm?

Under Cedar Petrochemicals,Incoterms are incorporated into the body of the CISG and into the contract if the CISG applies to the underlying contract.

Negotiable instruments are unconditional promises to pay.

Consider when a shipping term as opposed to contradictory contract language will be most persuasive in identifying the type of contract.Vice versa?

Compare and contrast the circumstances under which a buyer would and would not accept "E"-term contracts.

The difference between terms "CFR" and "CIF" is that under "CIF" term of sale,the buyer must procure his own marine insurance coverage on the goods.

The two types of contracts named for the point at which responsibility for loss is transferred from seller to buyer is:

Introduction to International Business

International Law and the World's Legal Systems

Resolving International Commercial Disputes

The Formation and Performance of Contracts for the Sale of Goods

Legal Issues in International Transportation

Bank Collections and Letters of Credit

National Lawmaking Powers and the Regulation of U.S.Trade

The World Trade Organization: Basic Legal Principles

Laws Governing Access to Foreign Markets

Regulating Import Competition and Unfair Trade

Imports,Customs,and Tariff Law

Export Controls and Sanctions

North American Free Trade Law

The European Union

Marketing: Representatives,Advertising,and Anti-Corruption

Protection and Licensing of Intellectual Property

The Legal Environment of Foreign Direct Investment

Labor and Employment Discrimination Law

Environmental Law

Regulating the Competitive Environment

Filters

Exam 5: The Documentary Sale and Terms of Trade

A carrier can be held liable for breach of contract for damages for the misdelivery of goods.

Rich Maes contracts to deliver bison meats to David in Spain on a destination international commercial term.However,while five (5)days out in the Atlantic Ocean,the ship carrying the bison meats sinks due to extreme storm.Under the destination designation the risk of loss is with:

A sale made with terms "CIF Tokyo" includes in the price quoted for the goods which of the following:

Compare and contrast the instances in which an individual holding a bill of lading will and will not be protected from the adverse claims of third parties.

Prepare an invoice that contemplates any number of the following: ocean freight and insurance costs,ground transportation costs,port charges,customs fees,forwarder's fees,and communications expenses.

What are the benefits and possible detriments of using an inspection firm?

Under Cedar Petrochemicals,Incoterms are incorporated into the body of the CISG and into the contract if the CISG applies to the underlying contract.

Negotiable instruments are unconditional promises to pay.

Consider when a shipping term as opposed to contradictory contract language will be most persuasive in identifying the type of contract.Vice versa?

Compare and contrast the circumstances under which a buyer would and would not accept "E"-term contracts.

The difference between terms "CFR" and "CIF" is that under "CIF" term of sale,the buyer must procure his own marine insurance coverage on the goods.

The two types of contracts named for the point at which responsibility for loss is transferred from seller to buyer is:

Introduction to International Business

International Law and the World's Legal Systems

Resolving International Commercial Disputes

The Formation and Performance of Contracts for the Sale of Goods

Legal Issues in International Transportation

Bank Collections and Letters of Credit

National Lawmaking Powers and the Regulation of U.S.Trade

The World Trade Organization: Basic Legal Principles

Laws Governing Access to Foreign Markets

Regulating Import Competition and Unfair Trade

Imports,Customs,and Tariff Law

Export Controls and Sanctions

North American Free Trade Law

The European Union

Marketing: Representatives,Advertising,and Anti-Corruption

Protection and Licensing of Intellectual Property

The Legal Environment of Foreign Direct Investment

Labor and Employment Discrimination Law

Environmental Law

Regulating the Competitive Environment

Filters