Question 1

Which of the following statements is true of the European Union?

Accepted Answer

A) All issues have to be passed unanimously by the EU members to be enforced. 
B) Every country in the European Union has adopted the euro as its monetary unit. 
C) Custom duties have been removed among member nations of the European Union. 
D) Custom tariffs have been removed for trade between the EU and the rest of the world. 
A) All issues have to be passed unanimously by the EU members to be enforced. 
B) Every country in the European Union has adopted the euro as its monetary unit. 
C) Custom duties have been removed among member nations of the European Union. 
D) Custom tariffs have been removed for trade between the EU and the rest of the world.

Question 2

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

Accepted Answer

A) It stipulates the rules for conflict resolution among the DR-CAFTA members. 
B) It endows the president with powers to enter into treaties with foreign nations. 
C) It exclusively governs suits against foreign nations in the United States. 
D) It regulates commerce between the United States and foreign nations. 
A) It stipulates the rules for conflict resolution among the DR-CAFTA members. 
B) It endows the president with powers to enter into treaties with foreign nations. 
C) It exclusively governs suits against foreign nations in the United States. 
D) It regulates commerce between the United States and foreign nations.

Question 3

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?

Accepted Answer

A) the General Assembly 
B) the Secretariat 
C) the Security Council 
D) the International Court of Justice 
A) the General Assembly 
B) the Secretariat 
C) the Security Council 
D) the International Court of Justice

Question 4

Treaties arranged by international organizations like the United Nations are known as ________.

Accepted Answer

A) arraignments 
B) easements 
C) amendments 
D) conventions 
A) arraignments 
B) easements 
C) amendments 
D) conventions

Question 5

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 6

The UN Security Council is composed of all the UN member nations.

Accepted Answer

A) True 
 B)False

Question 7

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 8

The World Bank is ________.

Accepted Answer

A) an autonomous agency under the aegis of the European Union 
B) an agency that monitors the financial collaborations taking place in the eurozone 
C) primarily responsible for promoting sound monetary, fiscal, and macroeconomic policies worldwide 
D) primarily responsible for providing money to developing countries to fund projects for humanitarian purposes 
A) an autonomous agency under the aegis of the European Union 
B) an agency that monitors the financial collaborations taking place in the eurozone 
C) primarily responsible for promoting sound monetary, fiscal, and macroeconomic policies worldwide 
D) primarily responsible for providing money to developing countries to fund projects for humanitarian purposes

Question 9

The UN does not allow permanent membership of the Security Council to any member nation.

Accepted Answer

A) True 
 B)False

Question 10

If a state enacts a law that increases its tax on imported automobiles but not on American-made automobiles, it violates the ________ of the U.S.Constitution.

Accepted Answer

A) Equal Protection Clause 
B) Foreign Commerce Clause 
C) Supremacy Clause 
D) Due Process Clause 
A) Equal Protection Clause 
B) Foreign Commerce Clause 
C) Supremacy Clause 
D) Due Process Clause

Question 11

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

Question 12

The UN Secretariat is headed by the secretary-general of the UN.

Accepted Answer

A) True 
 B)False

Question 13

Throughout Christianity, divine and natural laws have been issued in the form of ________.

Accepted Answer

A) edicts 
B) conventions 
C) novations 
D) canons 
A) edicts 
B) conventions 
C) novations 
D) canons

Question 14

What is the World Bank? What is its function?

Accepted Answer

The World Bank is a United Nations agenc

Question 15

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

Accepted Answer

A treaty is an agreement or a contract b

Question 16

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 17

Which of the following is headed by the secretary-general of the UN?

Accepted Answer

A) the International Court of Justice 
B) the Secretariat 
C) the Security Council 
D) the General Assembly 
A) the International Court of Justice 
B) the Secretariat 
C) the Security Council 
D) the General Assembly

Question 18

The United Nations is charged to take enforcement actions to ensure member compliance with the European Union.

Accepted Answer

A) True 
 B)False

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

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.

Exam 54: International and World Trade Law

Which of the following statements is true of the European Union?

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

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?

Treaties arranged by international organizations like the United Nations are known as ________.

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

The UN Security Council is composed of all the UN member nations.

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

The World Bank is ________.

The UN does not allow permanent membership of the Security Council to any member nation.

If a state enacts a law that increases its tax on imported automobiles but not on American-made automobiles, it violates the ________ of the U.S.Constitution.

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

The UN Secretariat is headed by the secretary-general of the UN.

Throughout Christianity, divine and natural laws have been issued in the form of ________.

What is the World Bank? What is its function?

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

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

Which of the following is headed by the secretary-general of the UN?

The United Nations is charged to take enforcement actions to ensure member compliance with the European Union.

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

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

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

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