Question 1

A forum-selection clause designates which nation's court has jurisdiction to hear a case arising out of a contract.

Accepted Answer

A) True 
 B)False

Question 2

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.

Question 3

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 4

________ is a clause in an international contract that designates which nation's court has jurisdiction to hear a case arising out of the contract.

Accepted Answer

A) Forum-selection clause 
B) Treaty Clause 
C) Foreign Commerce Clause 
D) Choice of law clause 
A) Forum-selection clause 
B) Treaty Clause 
C) Foreign Commerce Clause 
D) Choice of law clause

Question 5

The World Trade Organization (WTO)panel adopts the panel report and issues remedies for the violation.

Accepted Answer

A) True 
 B)False

Question 6

The U.S.Constitution divides the power to regulate foreign affairs equally between the federal and state governments.

Accepted Answer

A) True 
 B)False

Question 7

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

Question 8

Under the Treaty Clause, the ________ is seen as the agent of the United States in dealing with foreign countries.

Accepted Answer

A) the Secretariat 
B) the president 
C) the United Nations 
D) the United States Senate 
A) the Secretariat 
B) the president 
C) the United Nations 
D) the United States Senate

Question 9

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 10

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

Accepted Answer

A) True 
 B)False

Question 11

What are the implications of the North American Free Trade Agreement (NAFTA)treaty?

Accepted Answer

NAFTA has eliminated or reduced most of

Question 12

The World Trade Organization (WTO)appellate body hears appeals that are limited to issues of law, not fact.

Accepted Answer

A) True 
 B)False

Question 13

The classical Hindu law was based on ________.

Accepted Answer

A) civil codes 
B) court decisions 
C) works of private scholars 
D) canons called Torahs 
A) civil codes 
B) court decisions 
C) works of private scholars 
D) canons called Torahs

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

The World Trade Organization (WTO)dispute settlement body is the first body to hear a settlement dispute among member nations.

Accepted Answer

A) True 
 B)False

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

The Dominican Republic-Central America Free Trade Agreement (DR-CAFTA)disallows its member nations from entering into treaties with countries in Central America that are not part of the DR-CAFTA.

Accepted Answer

A) True 
 B)False

Question 18

The International Monetary Fund is an exclusive organization set up to primarily help the member nations of the Security Council.

Accepted Answer

A) True 
 B)False

Question 19

Ecuador, Algeria, and the United Arab Emirates are members of the ________.

Accepted Answer

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

Question 20

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

Accepted Answer

A) True 
 B)False

Exam 54: International and World Trade Law

A forum-selection clause designates which nation's court has jurisdiction to hear a case arising out of a contract.

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

The General Assembly of the United Nations is ________.

________ is a clause in an international contract that designates which nation's court has jurisdiction to hear a case arising out of the contract.

The World Trade Organization (WTO)panel adopts the panel report and issues remedies for the violation.

The U.S.Constitution divides the power to regulate foreign affairs equally between the federal and state governments.

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

Under the Treaty Clause, the ________ is seen as the agent of the United States in dealing with foreign countries.

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

What are the implications of the North American Free Trade Agreement (NAFTA)treaty?

The World Trade Organization (WTO)appellate body hears appeals that are limited to issues of law, not fact.

The classical Hindu law was based on ________.

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

The World Trade Organization (WTO)dispute settlement body is the first body to hear a settlement dispute among member nations.

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

The Dominican Republic-Central America Free Trade Agreement (DR-CAFTA)disallows its member nations from entering into treaties with countries in Central America that are not part of the DR-CAFTA.

The International Monetary Fund is an exclusive organization set up to primarily help the member nations of the Security Council.

Ecuador, Algeria, and the United Arab Emirates are members of the ________.

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

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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