Question 1

The Islamic law of Shari'a encourages levying interest on loan payments.

Accepted Answer

A) True 
 B)False  False

Question 2

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

Accepted Answer

A) The IMF is a federal body that consists of representatives of all the states and federal experts in the United States. 
B) The IMF is funded from the Superfund created by the Comprehensive Environmental Response, Compensation, and Liability Act. 
C) The IMF is an autonomous agency under the UN which promotes sound monetary, fiscal, and macroeconomic policies worldwide. 
D) The IMF is responsible for providing one-time grants to needy countries with no terms and conditions attached to the assistance. 
A) The IMF is a federal body that consists of representatives of all the states and federal experts in the United States. 
B) The IMF is funded from the Superfund created by the Comprehensive Environmental Response, Compensation, and Liability Act. 
C) The IMF is an autonomous agency under the UN which promotes sound monetary, fiscal, and macroeconomic policies worldwide. 
D) The IMF is responsible for providing one-time grants to needy countries with no terms and conditions attached to the assistance. C

Question 3

Any state or local law that unduly burdens foreign commerce is considered to be in violation of the Foreign Commerce Clause.

Accepted Answer

A) True 
 B)False  True

Question 4

Which of the following is an example of an autonomous agency of the United Nations?

Accepted Answer

A) the North Atlantic Treaty Organization 
B) the Security Council 
C) the World Trade Organization 
D) the International Monetary Fund 
A) the North Atlantic Treaty Organization 
B) the Security Council 
C) the World Trade Organization 
D) the International Monetary Fund

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

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

Accepted Answer

A) True 
 B)False

Question 7

Which of the following statements is true of the International Court of Justice?

Accepted Answer

A) It is the executive branch of the United Nations that helps interpret international law. 
B) It only hears cases of nations, and not of individuals and businesses. 
C) It does have the authority to hear cases involving treaties and UN charters. 
D) It is headed by the secretary-general of the United Nations. 
A) It is the executive branch of the United Nations that helps interpret international law. 
B) It only hears cases of nations, and not of individuals and businesses. 
C) It does have the authority to hear cases involving treaties and UN charters. 
D) It is headed by the secretary-general of the United Nations.

Question 8

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 9

A nation can seek redress on behalf of an individual or a business that has a claim against another country in the International Court of Justice.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following pairs of constitutional provisions gives the federal government the authority to regulate foreign affairs?

Accepted Answer

A) the Due Process Clause and Double Jeopardy Clause 
B) the Supremacy Clause and Equal Protection Clause 
C) the Free Exercise Clause and Establishment Clause 
D) the Foreign Commerce Clause and Treaty Clause 
A) the Due Process Clause and Double Jeopardy Clause 
B) the Supremacy Clause and Equal Protection Clause 
C) the Free Exercise Clause and Establishment Clause 
D) the Foreign Commerce Clause and Treaty Clause

Question 11

The ________ is an international organization created by a multilateral treaty in 1945 to promote social and economic cooperation among nations and to protect human rights.

Accepted Answer

A) United Nations 
B) League of Nations 
C) General Agreement on Tariffs and Trade 
D) World Trade Organization 
A) United Nations 
B) League of Nations 
C) General Agreement on Tariffs and Trade 
D) World Trade Organization

Question 12

The European Union is an example of a multilateral treaty.

Accepted Answer

A) True 
 B)False

Question 13

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 14

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 15

How are disputes settled in the World Trade Organization (WTO)? What are the different WTO bodies that handle disputes?

Accepted Answer

A member nation which believes that anot

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

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)________.

Accepted Answer

A) statute 
B) charter 
C) treaty 
D) arraignment 
A) statute 
B) charter 
C) treaty 
D) arraignment

Question 18

The ________ is a staff of persons that administers the day-to-day operations of the UN.

Accepted Answer

A) Council of Ministers 
B) Security Council 
C) General Assembly 
D) Secretariat 
A) Council of Ministers 
B) Security Council 
C) General Assembly 
D) Secretariat

Question 19

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

Accepted Answer

A) World Bank 
B) World Trade Organization 
C) International Monetary Fund 
D) North American Free Trade Commission 
A) World Bank 
B) World Trade Organization 
C) International Monetary Fund 
D) North American Free Trade Commission

Question 20

The International Monetary Fund is an example of an autonomous agency that is a part of the UN.

Accepted Answer

A) True 
 B)False

Exam 54: International and World Trade Law

The Islamic law of Shari'a encourages levying interest on loan payments.

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

Any state or local law that unduly burdens foreign commerce is considered to be in violation of the Foreign Commerce Clause.

Which of the following is an example of an autonomous agency of the United Nations?

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

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

Which of the following statements is true of the International Court of Justice?

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

A nation can seek redress on behalf of an individual or a business that has a claim against another country in the International Court of Justice.

Which of the following pairs of constitutional provisions gives the federal government the authority to regulate foreign affairs?

The ________ is an international organization created by a multilateral treaty in 1945 to promote social and economic cooperation among nations and to protect human rights.

The European Union is an example of a multilateral treaty.

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

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

How are disputes settled in the World Trade Organization (WTO)? What are the different WTO bodies that handle disputes?

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

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 ________ is a staff of persons that administers the day-to-day operations of the UN.

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

The International Monetary Fund is an example of an autonomous agency that is a part of the UN.

Legal Heritage and the Digital Age

Courts and Jurisdiction

Judicial,Alternative,and E-Dispute Resolution

Constitutional Law for Business and E-Commerce

Intentional Torts and Negligence

Product and Strict Liability

Intellectual Property and Cyber Piracy

Criminal Law and Cyber Crimes

Nature of Traditional and E-Contracts

Agreement

Consideration and Promissory Estoppel

Capacity and Legality

Genuineness of Assent and Undue Influence

Statute of Frauds and Equitable Exceptions

Third-Party Rights and Discharge

Remedies for Breach of Traditional and E-Contracts

E-Commerce and Digital Law

Formation of Sales and Lease Contracts

Title to Goods and Risk of Loss

Remedies for Breach of Sales and Lease Contracts

Warranties

Creation of Negotiable Instruments

Holder in Due Course and Transferability

Liability, Defenses, and Discharge

Banks, E-Money, and Financial Reform

Credit,Mortgages,and Debtor's Rights

Secured Transactions and E-Filing

Bankruptcy and Reorganization

Agency Formation and Termination

Liability of Principals, Agents, and Independent Contractors

Employment, Worker Protection, and Immigration Law

Labor Law and Collective Bargaining

Equal Opportunity in Employment

Small Business, Entrepreneurship, and General Partnerships

Limited Partnerships and Special Partnerships

Corporate Formation and Financing

Corporate Governance and the Sarbanes-Oxley Act

Corporate Acquisitions and Multinational Corporations

Limited Liability Companies and Limited Liability Partnerships

Franchises and Special Forms of Businesses

Investor Protection, E-Securities, and Wall Street Reform

Ethics and Social Responsibility of Business

Administrative Law and Regulatory Agencies

Consumer Protection and Product Safety

Environmental Protection

Antitrust Law and Unfair Trade Practices

Personal Property and Bailment

Real Property

Landlord-Tenant Law and Land Use Regulation

Insurance

Accountants' Duties and Liability

Wills Trusts and Estates

Family Law

Filters