Question 1

Which of the following statements is true of private international law?

Accepted Answer

A)  It is often predictable and certain. 
B)  It examines relationships between nations. 
C)  It examines relationships created by noncommercial transactions. 
D)  It utilizes international agreements to resolve business disputes. 
E)  It restricts the types of businesses that individuals can conduct. 
A)  It is often predictable and certain. 
B)  It examines relationships between nations. 
C)  It examines relationships created by noncommercial transactions. 
D)  It utilizes international agreements to resolve business disputes. 
E)  It restricts the types of businesses that individuals can conduct.

Question 2

In an international sales transaction,an issuing bank's commitment to pay is given to the seller directly in the case of a letter of credit.

Accepted Answer

A) True 
 B)False

Question 3

The ______ promotes economic development in poor countries by making loans to finance necessary development projects and programs.

Accepted Answer

A)  World Bank 
B)  World Trade Organization 
C)  United Nations Commission on International Trade Law 
D)  International Monetary Fund 
E)  Convention on International Sale of Goods 
A)  World Bank 
B)  World Trade Organization 
C)  United Nations Commission on International Trade Law 
D)  International Monetary Fund 
E)  Convention on International Sale of Goods

Question 4

What must a plaintiff do,according to the Supreme Court,in order to sue a foreign firm in the United States?

Accepted Answer

To sue a foreign firm in the United Stat

Question 5

Briefly explain expropriation in the context of international law.

Accepted Answer

Expropriation,as used in the context of

Question 6

Briefly discuss the Agreement on Trade-Related Aspects of Intellectual Property Rights.

Accepted Answer

An important aspect of the World Trade O

Question 7

By using a letter of credit,a buyer need not pay a seller for goods prior to shipment and the seller can obtain payment for the goods immediately upon shipment.

Accepted Answer

A) True 
 B)False

Question 8

Briefly discuss the concept of a joint venture.

Accepted Answer

In many instances,the only legal or poli

Question 9

Usually in expropriation,the expropriating government also assumes ownership of a property,so the process includes ______ as well.

Accepted Answer

A)  nationalization 
B)  immunity 
C)  rescission 
D)  restitution 
E)  exclusion 
A)  nationalization 
B)  immunity 
C)  rescission 
D)  restitution 
E)  exclusion

Question 10

Most countries will permit a foreign firm to conduct business only if a national of the foreign country is designated as its legal representative.

Accepted Answer

A) True 
 B)False

Question 11

The World Trade Organization does not have the power to hear disputes involving member states.

Accepted Answer

A) True 
 B)False

Question 12

What are the advantages of a licensing arrangement for an international business?

Accepted Answer

A licensing arrangement allows an intern

Question 13

Which of the following organizations provides arbitration services for international disputes?

Accepted Answer

A)  The United Nations Commission on International Trade Law 
B)  The Coordinating Committee for Multilateral Export Controls 
C)  The Hague Service Convention 
D)  The World Bank 
E)  The International Chamber of Commerce 
A)  The United Nations Commission on International Trade Law 
B)  The Coordinating Committee for Multilateral Export Controls 
C)  The Hague Service Convention 
D)  The World Bank 
E)  The International Chamber of Commerce

Question 14

Which of the following statements is true of the Foreign Sovereign Immunities Act?

Accepted Answer

A)  It codifies the modern traditional theory of trade and tariffs. 
B)  It provides immunity for private acts. 
C)  It rejects immunity for commercial acts carried on in the countries trading with the United States. 
D)  It provides immunity for commercial acts having direct effects in the United States. 
E)  It rejects immunity for commercial acts carried on in the United States. 
A)  It codifies the modern traditional theory of trade and tariffs. 
B)  It provides immunity for private acts. 
C)  It rejects immunity for commercial acts carried on in the countries trading with the United States. 
D)  It provides immunity for commercial acts having direct effects in the United States. 
E)  It rejects immunity for commercial acts carried on in the United States.

Question 15

Briefly explain the doctrine of sovereign immunity?

Accepted Answer

The doctrine of sovereign immunity provi

Question 16

In an international sales transaction,a buyer obtains a commitment from the issuing bank to advance a specified amount upon receipt,from a carrier,of a(n)______.

Accepted Answer

A)  irrevocable letter of credit 
B)  bill of exchange 
C)  bill of lading 
D)  identity note 
E)  promissory note 
A)  irrevocable letter of credit 
B)  bill of exchange 
C)  bill of lading 
D)  identity note 
E)  promissory note

Question 17

The World Trade Organization requires countries to downgrade their intellectual property laws to protect patents and copyrights.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following is an advantage to arbitrating international disputes?

Accepted Answer

A)  It allows international disputes to be decided by the World Court. 
B)  It allows U.S. courts to decide on international disputes. 
C)  It prevents the World Trade Organization from getting involved. 
D)  The parties to a dispute can litigate the dispute in a foreign court. 
E)  The parties to a dispute can avoid unwanted publicity. 
A)  It allows international disputes to be decided by the World Court. 
B)  It allows U.S. courts to decide on international disputes. 
C)  It prevents the World Trade Organization from getting involved. 
D)  The parties to a dispute can litigate the dispute in a foreign court. 
E)  The parties to a dispute can avoid unwanted publicity.

Question 19

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

Accepted Answer

A)  Private parties and corporations that have access to the court may directly present their claims. 
B)  Using legal devices, firms and individuals can compel the U.S. government to press claims on their behalf before the Court. 
C)  Only countries that have submitted to the Court's jurisdiction may be parties. 
D)  The Court has enforcement authority and does not rely on diplomacy or economic sanctions against countries. 
E)  It is compulsory for all countries to accept the Court's jurisdiction, whether or not the use of the Court suits their interests. 
A)  Private parties and corporations that have access to the court may directly present their claims. 
B)  Using legal devices, firms and individuals can compel the U.S. government to press claims on their behalf before the Court. 
C)  Only countries that have submitted to the Court's jurisdiction may be parties. 
D)  The Court has enforcement authority and does not rely on diplomacy or economic sanctions against countries. 
E)  It is compulsory for all countries to accept the Court's jurisdiction, whether or not the use of the Court suits their interests.

Question 20

The Charter of the United Nations sets forth as its primary goal to

Accepted Answer

A)  combat corruption and corrupt practices in all countries. 
B)  save succeeding generations from the scourge of war. 
C)  ensure that justice is delivered at all levels in all member countries. 
D)  implement a just and fair international law that guides international commercial transactions. 
E)  minimize all forms of trade disputes. 
A)  combat corruption and corrupt practices in all countries. 
B)  save succeeding generations from the scourge of war. 
C)  ensure that justice is delivered at all levels in all member countries. 
D)  implement a just and fair international law that guides international commercial transactions. 
E)  minimize all forms of trade disputes.

Exam 12: International Law

Which of the following statements is true of private international law?

In an international sales transaction,an issuing bank's commitment to pay is given to the seller directly in the case of a letter of credit.

The ______ promotes economic development in poor countries by making loans to finance necessary development projects and programs.

What must a plaintiff do,according to the Supreme Court,in order to sue a foreign firm in the United States?

Briefly explain expropriation in the context of international law.

Briefly discuss the Agreement on Trade-Related Aspects of Intellectual Property Rights.

By using a letter of credit,a buyer need not pay a seller for goods prior to shipment and the seller can obtain payment for the goods immediately upon shipment.

Briefly discuss the concept of a joint venture.

Usually in expropriation,the expropriating government also assumes ownership of a property,so the process includes ______ as well.

Most countries will permit a foreign firm to conduct business only if a national of the foreign country is designated as its legal representative.

The World Trade Organization does not have the power to hear disputes involving member states.

What are the advantages of a licensing arrangement for an international business?

Which of the following organizations provides arbitration services for international disputes?

Which of the following statements is true of the Foreign Sovereign Immunities Act?

Briefly explain the doctrine of sovereign immunity?

In an international sales transaction,a buyer obtains a commitment from the issuing bank to advance a specified amount upon receipt,from a carrier,of a(n)______.

The World Trade Organization requires countries to downgrade their intellectual property laws to protect patents and copyrights.

Which of the following is an advantage to arbitrating international disputes?

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

The Charter of the United Nations sets forth as its primary goal to

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