Question 1

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 (ICJ).

Accepted Answer

A) True 
 B)False

Question 2

Which of the following statements is true of the European Union (EU)?

Accepted Answer

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

Question 3

What is the role of the World Trade Organization (WTO)dispute settlement body?

Accepted Answer

A) to serve as the "court of last resort" for appeals from the WTO appellate body 
B) to create panel reports based on findings of fact and law 
C) to hear and decide war disputes and issue sanctions against aggressor nations 
D) to review WTO panel reports and adopt them if appropriate 
A) to serve as the "court of last resort" for appeals from the WTO appellate body 
B) to create panel reports based on findings of fact and law 
C) to hear and decide war disputes and issue sanctions against aggressor nations 
D) to review WTO panel reports and adopt them if appropriate

Question 4

Which of the following is true of the Islamic law of Shari'a?

Accepted Answer

A) The Shari'a disallows making a reasonable profit from the sale of goods and services. 
B) All Islamic countries strictly follow the complete Shari'a to govern all aspects of life. 
C) The Shari'a encourages riba through the strict payment and collection of interest on loans within stipulated periods of time. 
D) The Shari'a is primarily used in the areas of marriage,divorce,and inheritance and,to a limited degree,criminal law. 
A) The Shari'a disallows making a reasonable profit from the sale of goods and services. 
B) All Islamic countries strictly follow the complete Shari'a to govern all aspects of life. 
C) The Shari'a encourages riba through the strict payment and collection of interest on loans within stipulated periods of time. 
D) The Shari'a is primarily used in the areas of marriage,divorce,and inheritance and,to a limited degree,criminal law.

Question 5

Only individuals or businesses,not nations,can have cases decided by the International Court of Justice (ICJ).

Accepted Answer

A) True 
 B)False

Question 6

The North American Free Trade Agreement (NAFTA)has eliminated or reduced most of the duties,tariffs,quotas,and other trade barriers among Mexico,the United States,and Canada.

Accepted Answer

A) True 
 B)False

Question 7

The ________ is a staff of persons that administers the day-to-day operations of the United Nations (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 8

Which of the following statements is true about the canons of Christian faith?

Accepted Answer

A) The Code of Canon Law produced in 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 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.

Question 9

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 10

The Association of Southeast Asian Nations (ASEAN)was created as a treaty among the oil-producing countries of Asia.

Accepted Answer

A) True 
 B)False

Question 11

The Foreign Sovereign Immunities Act (FSIA)________.

Accepted Answer

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

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 United Nations (UN)Security Council is composed of all the UN member nations.

Accepted Answer

A) True 
 B)False

Question 14

Under the ________ Clause of the Constitution,treaties become part of the "law of the land," and conflicting state or local law is void.

Accepted Answer

The answer of Under the ________ Clause of the Constitution,treaties...

Question 15

The ________ doctrine is based on the principle that a country has absolute authority over what transpires within its own territory.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

The answer of The ________ doctrine is based on the...

Question 16

The act of state doctrine is based on the principle that a country has limited authority over what transpires within its own territory.

Accepted Answer

A) True 
 B)False

Question 17

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

Accepted Answer

A treaty is an agreement or a contract b

Question 18

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

Accepted Answer

The answer of Jewish jurisprudence is administered by the ________,which...

Question 19

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

Accepted Answer

World Trad

Question 20

The Dominican Republic-Central America Free Trade Agreement (DR-CAFTA)prohibits 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

Exam 26: International and World Trade Law

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 (ICJ).

Which of the following statements is true of the European Union (EU)?

What is the role of the World Trade Organization (WTO)dispute settlement body?

Which of the following is true of the Islamic law of Shari'a?

Only individuals or businesses,not nations,can have cases decided by the International Court of Justice (ICJ).

The North American Free Trade Agreement (NAFTA)has eliminated or reduced most of the duties,tariffs,quotas,and other trade barriers among Mexico,the United States,and Canada.

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

Which of the following statements is true about the canons of Christian faith?

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

The Association of Southeast Asian Nations (ASEAN)was created as a treaty among the oil-producing countries of Asia.

The Foreign Sovereign Immunities Act (FSIA)________.

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

The United Nations (UN)Security Council is composed of all the UN member nations.

Under the ________ Clause of the Constitution,treaties become part of the "law of the land," and conflicting state or local law is void.

The ________ doctrine is based on the principle that a country has absolute authority over what transpires within its own territory.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.

The act of state doctrine is based on the principle that a country has limited authority over what transpires within its own territory.

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

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

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

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

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

Filters