Question 1

Which of the following statements is true with regard to international law?

Accepted Answer

A)  All legal matters of international importance are prosecuted by a single world court that is responsible for interpreting international law. 
B)  The enforcement of all international laws is regulated by a unitary world executive branch. 
C)  There is no single legislative source from which all international laws are created. 
D)  All countries have to follow the international laws enacted by other countries. 
A)  All legal matters of international importance are prosecuted by a single world court that is responsible for interpreting international law. 
B)  The enforcement of all international laws is regulated by a unitary world executive branch. 
C)  There is no single legislative source from which all international laws are created. 
D)  All countries have to follow the international laws enacted by other countries. C

Question 2

The panel report on the dispute among members of the World Trade Organization is referred to the ________, which then may adopt the panel report if it sees fit.

Accepted Answer

WTO dispute settlement body

Question 3

The FSIA strictly states that a foreign country is not immune to lawsuits in U.S. courts under any circumstance.

Accepted Answer

A) True 
 B)False  False

Question 4

Under the ________ Clause of the Constitution, treaties become part of the "law of the land," and conflicting state or local law is void.

Accepted Answer

The answer of Under the ________ Clause of the Constitution,...

Question 5

The act of state doctrine allows the citizen of one country to fight a case in that country against a law prevalent in another.

Accepted Answer

A) True 
 B)False

Question 6

The Treaty Clause of the U.S. Constitution designates the president of the United States as its agent to deal with foreign affairs.

Accepted Answer

A) True 
 B)False

Question 7

The canons of Christian faiths provide rules for believers to follow in living their lives and professing their faith.

Accepted Answer

A) True 
 B)False

Question 8

The General Assembly of the United Nations is ________.

Accepted Answer

A)  a collection of autonomous agencies that deal with the socio-economic problems of the United States 
B)  the legislative body of the United Nation that is composed of all UN members 
C)  a group of 15 member nations that is primarily responsible for maintaining international peace and security 
D)  the staff of persons that administers the day-to-day operations of the UN 
A)  a collection of autonomous agencies that deal with the socio-economic problems of the United States 
B)  the legislative body of the United Nation that is composed of all UN members 
C)  a group of 15 member nations that is primarily responsible for maintaining international peace and security 
D)  the staff of persons that administers the day-to-day operations of the UN

Question 9

Indonesia, Vietnam, Thailand, and Philippines are members of the ________.

Accepted Answer

A)  Organization of the Petroleum Exporting Countries 
B)  Association of Southeast Asian Nations 
C)  Dominican Republic-Central America Free Trade Agreement 
D)  North American Free Trade Agreement 
A)  Organization of the Petroleum Exporting Countries 
B)  Association of Southeast Asian Nations 
C)  Dominican Republic-Central America Free Trade Agreement 
D)  North American Free Trade Agreement

Question 10

Under the Treaty Clause, both the federal government and state governments can enter into treaties with foreign nations.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following statements is true with regard to the canons of Christian faith?

Accepted Answer

A)  The Code of Canon Law produced in the 1917 is followed by all sects of Christianity today. 
B)  The Code of Canon Law regulates the conduct of the Church but fails to govern the actions of individual Catholics. 
C)  The Orthodox churches treat their canons more as guidelines than as laws. 
D)  The canons remain silent on the legal measures guiding marriage or inheritance. 
A)  The Code of Canon Law produced in the 1917 is followed by all sects of Christianity today. 
B)  The Code of Canon Law regulates the conduct of the Church but fails to govern the actions of individual Catholics. 
C)  The Orthodox churches treat their canons more as guidelines than as laws. 
D)  The canons remain silent on the legal measures guiding marriage or inheritance.

Question 12

TThe North American Free Trade Agreement (NAFTA)is a bilateral treaty between the United States and Mexico.

Accepted Answer

A) True 
 B)False

Question 13

The International Court of Justice is composed of 15 judges who serve nine-year terms.

Accepted Answer

A) True 
 B)False

Question 14

In case of a breach in trade agreements of the World Trade Organization (WTO), which of the following WTO bodies first hears the dispute?

Accepted Answer

A)  the WTO panel 
B)  the WTO appellate body 
C)  the WTO dispute settlement body 
D)  the WTO General Council 
A)  the WTO panel 
B)  the WTO appellate body 
C)  the WTO dispute settlement body 
D)  the WTO General Council

Question 15

Which of the following is codified under the Foreign Sovereign Immunities Act?

Accepted Answer

A)  the act of state doctrine 
B)  the principle of restricted immunity 
C)  the supremacy clause 
D)  the choice of forum clause 
A)  the act of state doctrine 
B)  the principle of restricted immunity 
C)  the supremacy clause 
D)  the choice of forum clause

Question 16

Classical Hindu law heavily rests on civil codes adopted during the reigns of different kings.

Accepted Answer

A) True 
 B)False

Question 17

What is the role of the WTO dispute settlement body?

Accepted Answer

A)  to hear appeals on decisions made on a dispute 
B)  to create panel reports on the findings of the dispute 
C)  to hear the dispute settlement from the plaintiff 
D)  to review panel reports and adopt them if necessary 
A)  to hear appeals on decisions made on a dispute 
B)  to create panel reports on the findings of the dispute 
C)  to hear the dispute settlement from the plaintiff 
D)  to review panel reports and adopt them if necessary

Question 18

The Organization of the Petroleum Exporting Countries (OPEC)sets quotas on the output of oil production by its individual member nations.

Accepted Answer

A) True 
 B)False

Question 19

The ________ prescribes comprehensive and integrated rules of religious, political, and legal life that together form Jewish thought.

Accepted Answer

A)  Canon 
B)  Torah 
C)  dharmasastra 
D)  Riba 
A)  Canon 
B)  Torah 
C)  dharmasastra 
D)  Riba

Question 20

Which of the following is an exception to the Foreign Sovereign Immunities Act?

Accepted Answer

A)  sham exception 
B)  managed trade exception 
C)  diversity of citizenship exception 
D)  commercial activity exception 
A)  sham exception 
B)  managed trade exception 
C)  diversity of citizenship exception 
D)  commercial activity exception

Exam 26: International and World Trade Law

Which of the following statements is true with regard to international law?

The panel report on the dispute among members of the World Trade Organization is referred to the ________, which then may adopt the panel report if it sees fit.

The FSIA strictly states that a foreign country is not immune to lawsuits in U.S. courts under any circumstance.

Under the ________ Clause of the Constitution, treaties become part of the "law of the land," and conflicting state or local law is void.

The act of state doctrine allows the citizen of one country to fight a case in that country against a law prevalent in another.

The Treaty Clause of the U.S. Constitution designates the president of the United States as its agent to deal with foreign affairs.

The canons of Christian faiths provide rules for believers to follow in living their lives and professing their faith.

The General Assembly of the United Nations is ________.

Indonesia, Vietnam, Thailand, and Philippines are members of the ________.

Under the Treaty Clause, both the federal government and state governments can enter into treaties with foreign nations.

Which of the following statements is true with regard to the canons of Christian faith?

TThe North American Free Trade Agreement (NAFTA)is a bilateral treaty between the United States and Mexico.

The International Court of Justice is composed of 15 judges who serve nine-year terms.

In case of a breach in trade agreements of the World Trade Organization (WTO), which of the following WTO bodies first hears the dispute?

Which of the following is codified under the Foreign Sovereign Immunities Act?

Classical Hindu law heavily rests on civil codes adopted during the reigns of different kings.

What is the role of the WTO dispute settlement body?

The Organization of the Petroleum Exporting Countries (OPEC)sets quotas on the output of oil production by its individual member nations.

The ________ prescribes comprehensive and integrated rules of religious, political, and legal life that together form Jewish thought.

Which of the following is an exception to the Foreign Sovereign Immunities Act?

Legal Heritage and the Digital Age

Ethics and Social Responsibility of Business

Courts, Jurisdiction, and Administrative Agencies

Judicial, Alternative, and E-Dispute Resolution

Constitutional Law for Business and E-Commerce

Torts and Strict Liability

Criminal Law and Cyber Crimes

Intellectual Property and Cyber Piracy

Formation of Traditional and E-Contracts

Performance and Breach of Traditional and E-Contracts

E-Commerce and Digital Law

UCC Sales and Lease Contracts and Warranties

Credit, Secured Transactions, and Bankruptcy

Small Business and General and Limited Partnerships

Limited Liability Companies, Limited Liability Partnerships, and Special Forms of Business

Corporations and the Sarbanes-Oxley Act

Investor Protection, E-Securities, and Wall Street Reform

Agency Law

Equal Opportunity in Employment

Employment Law and Worker Protection

Labor Law and Immigration Law

Antitrust Law and Unfair Trade Practices

Consumer Protection

Environmental Protection

Land Use Regulation and Real Property

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