Exam 30: International Business Transactions
Exam 1: Law, society, and Business60 Questions
Exam 2: The Machinery of Justice61 Questions
Exam 3: Government Regulation of Business51 Questions
Exam 4: The Law of Torts77 Questions
Exam 5: Professional Liability: the Legal Challenges56 Questions
Exam 6: Formation of a Contract: Offer and Acceptance53 Questions
Exam 7: Formation of a Contract: Consideration and Intention52 Questions
Exam 8: Formation of a Contract: Capacity to Contract and Legality of Object56 Questions
Exam 9: Grounds Upon Which a Contract May Be Set Aside: Mistake and Misrepresentation108 Questions
Exam 10: Writing and Interpretation106 Questions
Exam 11: Privity of Contract and the Assignment of Contractual Rights53 Questions
Exam 12: The Discharge of Contracts63 Questions
Exam 13: Breach of Contract and Its Remedies109 Questions
Exam 14: Sale of Goods and Consumer Contracts77 Questions
Exam 15: Bailment and Leasing63 Questions
Exam 16: Insurance and Guarantee62 Questions
Exam 17: Agency and Franchising56 Questions
Exam 18: The Contract of Employment54 Questions
Exam 19: Negotiable Instruments61 Questions
Exam 20: Intellectual Property52 Questions
Exam 21: Interests in Land and Their Transfer58 Questions
Exam 22: Landlord and Tenant59 Questions
Exam 23: Mortgages of Land and Real Estate Transactions51 Questions
Exam 24: Sole Proprietorships and Partnerships57 Questions
Exam 25: The Nature of a Corporation and Its Formation61 Questions
Exam 26: Corporate Governance: the Internal Affairs of Corporations64 Questions
Exam 27: Corporate Governance: External Responsibilities59 Questions
Exam 28: Secured Transactions56 Questions
Exam 29: Creditors Rights61 Questions
Exam 30: International Business Transactions66 Questions
Exam 31: Electronic Commerce56 Questions
Exam 32: Privacy63 Questions
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A portfolio investment is essentially a passive investment,normally in the form of government or corporate bonds or listed securities.
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Unlike domestic contracts,international contracts are more likely to involve special problems,such as
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Use this fact situation to answer the related questions that follow. A,based in Ontario,enters into a contract with B,in Geneva,Switzerland,whereby B will manufacture and supply to A a certain quantity of watches.The negotiations first took place by faxes between Ontario and Geneva and were then held in person in Geneva.Most of the people connected with the negotiations and the contract live in Geneva and B's manufacturing plant is there.B manufactures the watches and then delivers them to A in Ontario.However,A refuses to accept them because they do not meet the specifications agreed on.There is a marked absence of the actual specifications in the contract,and it also does not contain a jurisdiction clause in the event of a dispute.Having rejected the delivered goods,A now goes out and buys the watches from a German manufacturer at twice the cost of the Swiss watches.
In this case,under Ontario law,A can institute an action in Ontario against B because
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