Exam 26: International and World Trade Law

Which of the following branches of the United Nations is primarily responsible for maintaining international peace and has authority to use armed force for this purpose?

The judicial branch of the UN is known as the ________.

Which of the following statements is true of the Treaty Clause?

Jewish jurisprudence is administered by the ________, which is a Jewish court consisting of rabbi-judges.

An agreement between two or more nations that is formally signed by an authorized representative of each nation and ratified by each nation is defined as a(n)________.

The World Bank is ________.

The United States follows the doctrine of restricted immunity for suits against foreign nations.

The World Trade Organization (WTO)was created as a successor to the General Agreement on Tariffs and Trade (GATT).

Which of the following replaced the General Agreement on Tariffs and Trade (GATT)?

________ is a rule which states that judges of one country cannot question the validity of an act committed by another country within that other country's borders.

Which of the following is true of the International Monetary Fund?

The ________ is an international organization of 153 member nations created in 1995 to promote and enforce trade agreements among member countries and customs territories.

In 1995, the ________ was created as a successor to the General Agreement on Tariffs and Trade (GATT).

A choice of law clause is a mandatory clause that should be present in every international contract.

Under the European Union, customs duties have been eliminated among member nations.

The European Union Commission has negligible authority to enact legislations and take enforcement actions when compared to the EU.

Many international contracts contain a ________ clause that designates which nation's court has jurisdiction to hear a case arising out of a dispute.

The Code of Canon Law of 1983 stipulates the code of conduct to be followed by all Christians around the world.

Explain the Treaty Clause of the U.S. Constitution.

________ is an exclusive organization of oil-producing countries that sets quotas on the output of oil production by member nations.