Question 1

The majority of cases involving international law disputes are heard by ________.

Accepted Answer

A) the International Court of Justice (ICJ) 
B) the World Court 
C) national courts 
D) the United Nations (UN) 
A) the International Court of Justice (ICJ) 
B) the World Court 
C) national courts 
D) the United Nations (UN) C

Question 2

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 A

Question 3

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  True

Question 4

What does the act of state doctrine assert?

Accepted Answer

A general principle of international law

Question 5

The ________ is a trilateral treaty that has removed or reduced tariffs,duties,quotas,and other trade barriers between the United States,Canada,and Mexico.

Accepted Answer

A) Western Hemispheric Bloc 
B) North American Free Trade Agreement (NAFT
A)  
C) Central America Free Trade Agreement (CAFT
A)  
D) General Agreement on Tariffs and Trade (GATT) 
A) Western Hemispheric Bloc 
B) North American Free Trade Agreement (NAFT
A)  
C) Central America Free Trade Agreement (CAFT
A)  
D) General Agreement on Tariffs and Trade (GATT)

Question 6

The United Nations (UN)________,composed of 15 member nations,is primarily responsible for maintaining international peace and security and has authority to use armed force.

Accepted Answer

The answer of The United Nations (UN)________,composed of 15 member...

Question 7

The World Bank ________.

Accepted Answer

A) is an autonomous agency under the organizational framework of the European Union 
B) is an agency that monitors the financial partnerships taking place in the eurozone 
C) is primarily responsible for promoting sound monetary,fiscal,and macroeconomic policies in developed countries 
D) provides money to developing countries to fund projects for humanitarian purposes and to relieve poverty 
A) is an autonomous agency under the organizational framework of the European Union 
B) is an agency that monitors the financial partnerships taking place in the eurozone 
C) is primarily responsible for promoting sound monetary,fiscal,and macroeconomic policies in developed countries 
D) provides money to developing countries to fund projects for humanitarian purposes and to relieve poverty

Question 8

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 9

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 10

All United Nations (UN)members are part of the ________,which is the legislative body of the UN.

Accepted Answer

The answer of All United Nations (UN)members are part of...

Question 11

The European Union Commission has delegated substantial powers to individual member nations to enact legislation and take enforcement actions to ensure compliance with the European Union (EU)treaty.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following statements is true of the North American Free Trade Agreement (NAFTA)?

Accepted Answer

A) It allows a member country to reinstitute tariffs if an import surge from one of the other nations hurts its economy or workers. 
B) It has significantly improved the environment in Mexico due to its strict pollution measures that are mandatory on all member nations. 
C) It disallows a NAFTA member from trading with another country without the consent of the other member nations. 
D) It has been hailed by economists as a perfect example of a free trade pact. 
A) It allows a member country to reinstitute tariffs if an import surge from one of the other nations hurts its economy or workers. 
B) It has significantly improved the environment in Mexico due to its strict pollution measures that are mandatory on all member nations. 
C) It disallows a NAFTA member from trading with another country without the consent of the other member nations. 
D) It has been hailed by economists as a perfect example of a free trade pact.

Question 13

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 14

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

Accepted Answer

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

Question 15

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 16

The Islamic law system is derived from the Qur'an,the ________ (decisions and sayings of the prophet Muhammad),and reasonings by Islamic scholars.

Accepted Answer

The answer of The Islamic law system is derived from...

Question 17

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

Accepted Answer

A) True 
 B)False

Question 18

The ________ doctrine states that judges of one country cannot question the validity of an act committed by another country within that other country's borders.

Accepted Answer

A) sovereign immunity 
B) act of state 
C) Colgate 
D) Noerr 
A) sovereign immunity 
B) act of state 
C) Colgate 
D) Noerr

Question 19

Classical Hindu law is based on ________.

Accepted Answer

A) civil codes 
B) court decisions 
C) the works of private scholars 
D) canons collectively called riba 
A) civil codes 
B) court decisions 
C) the works of private scholars 
D) canons collectively called riba

Question 20

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

Accepted Answer

A) The Qur'an 
B) The Torah 
C) Dharmasastra 
D) Riba 
A) The Qur'an 
B) The Torah 
C) Dharmasastra 
D) Riba

Exam 26: International and World Trade Law

The majority of cases involving international law disputes are heard by ________.

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

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

What does the act of state doctrine assert?

The ________ is a trilateral treaty that has removed or reduced tariffs,duties,quotas,and other trade barriers between the United States,Canada,and Mexico.

The United Nations (UN)________,composed of 15 member nations,is primarily responsible for maintaining international peace and security and has authority to use armed force.

The World Bank ________.

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

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

All United Nations (UN)members are part of the ________,which is the legislative body of the UN.

The European Union Commission has delegated substantial powers to individual member nations to enact legislation and take enforcement actions to ensure compliance with the European Union (EU)treaty.

Which of the following statements is true of the North American Free Trade Agreement (NAFTA)?

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

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

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

The Islamic law system is derived from the Qur'an,the ________ (decisions and sayings of the prophet Muhammad),and reasonings by Islamic scholars.

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

The ________ doctrine states that judges of one country cannot question the validity of an act committed by another country within that other country's borders.

Classical Hindu law is based on ________.

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

Legal Heritage and the Digital Age

Ethics and Social Responsibility of Business

Courts, Jurisdiction, and Administrative Agencies

Alternative, Judicial, and E-Dispute Resolution

Constitutional Law for Business and E-Commerce

Torts and Strict Liability

Cyber Law and Cyber Crimes

Intellectual Property and Cyber Piracy

Formation and Requirements of Contracts

Performance and Breach of Contracts

Digital Law and E-Commerce

UCC Sales Contracts, Leases, and Warranties

Credit, Secured Transactions, and Bankruptcy

Small Business, General Partnerships, and Limited Partnerships

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

Corporations and Corporate Governance

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

Real Property and Land Use Regulation

Accountants' Duties and Liability

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