Question 1

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  False

Question 2

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

Accepted Answer

A) True 
 B)False  True

Question 3

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

Accepted Answer

A) True 
 B)False  False

Question 4

Which of the following replaced the General Agreement on Tariffs and Trade (GATT)?

Accepted Answer

A)  the World Bank 
B)  the World Trade Organization 
C)  the International Monetary Fund 
D)  the North American Free Trade Agreement 
A)  the World Bank 
B)  the World Trade Organization 
C)  the International Monetary Fund 
D)  the North American Free Trade Agreement

Question 5

Any state or local law that unduly burdens foreign commerce is considered to be in violation of the Foreign Commerce Clause.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following statements is true of 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 7

The North American Free Trade Agreement (NAFTA) is a bilateral treaty between the United States and Mexico.

Accepted Answer

A) True 
 B)False

Question 8

The secretary-general of the United Nations (UN) is elected by the Security Council.

Accepted Answer

A) True 
 B)False

Question 9

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

Accepted Answer

A)  the sham exception 
B)  the managed trade exception 
C)  the diversity of citizenship exception 
D)  the commercial activity exception 
A)  the sham exception 
B)  the managed trade exception 
C)  the diversity of citizenship exception 
D)  the commercial activity exception

Question 10

Which of the following is headed by the secretary-general of the United Nations (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 11

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

Accepted Answer

A) True 
 B)False

Question 12

Individuals and businesses can directly approach the International Court of Justice for cases involving international contracts.

Accepted Answer

A) True 
 B)False

Question 13

________ is a regional international organization that comprises many countries of Western and Eastern Europe and was created to promote peace and security as well as economic, social, and cultural development.

Accepted Answer

A)  The European Economic Community 
B)  The Common Market 
C)  The North Atlantic Treaty Organization 
D)  The European Union 
A)  The European Economic Community 
B)  The Common Market 
C)  The North Atlantic Treaty Organization 
D)  The European Union

Question 14

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

Accepted Answer

A)  It is the executive branch of the United Nations (UN) that helps interpret international law. 
B)  It only hears cases of nations, and not of individuals and businesses. 
C)  It does not have the authority to hear cases involving treaties and the UN Charter. 
D)  It is headed by the secretary-general of the United Nations. 
A)  It is the executive branch of the United Nations (UN) that helps interpret international law. 
B)  It only hears cases of nations, and not of individuals and businesses. 
C)  It does not have the authority to hear cases involving treaties and the UN Charter. 
D)  It is headed by the secretary-general of the United Nations.

Question 15

What is the role of the WTO dispute settlement body?

Accepted Answer

A)  to hear appeals on decisions made on a dispute 
B)  to create panel reports on the findings of the dispute 
C)  to hear the dispute from the plaintiff 
D)  to review panel reports and adopt them if necessary 
A)  to hear appeals on decisions made on a dispute 
B)  to create panel reports on the findings of the dispute 
C)  to hear the dispute from the plaintiff 
D)  to review panel reports and adopt them if necessary

Question 16

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 17

The Code of Canon Law of 1983 stipulates the code of conduct to be followed by all Christians around the world.

Accepted Answer

A) True 
 B)False

Question 18

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

Accepted Answer

A)  a WTO panel 
B)  a WTO Appellate Body 
C)  the WTO dispute settlement body 
D)  the WTO General Council 
A)  a WTO panel 
B)  a WTO Appellate Body 
C)  the WTO dispute settlement body 
D)  the WTO General Council

Question 19

What does the act of state doctrine assert?

Accepted Answer

A general principle of international law

Question 20

________ is a rule which 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)  The doctrine of sovereign immunity 
B)  The act of state doctrine 
C)  The Colgate doctrine 
D)  The Noerr doctrine 
A)  The doctrine of sovereign immunity 
B)  The act of state doctrine 
C)  The Colgate doctrine 
D)  The Noerr doctrine

Exam 54: International and World Trade Law

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

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

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

Which of the following replaced the General Agreement on Tariffs and Trade (GATT)?

Any state or local law that unduly burdens foreign commerce is considered to be in violation of the Foreign Commerce Clause.

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

The North American Free Trade Agreement (NAFTA) is a bilateral treaty between the United States and Mexico.

The secretary-general of the United Nations (UN) is elected by the Security Council.

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

Which of the following is headed by the secretary-general of the United Nations (UN)?

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

Individuals and businesses can directly approach the International Court of Justice for cases involving international contracts.

________ is a regional international organization that comprises many countries of Western and Eastern Europe and was created to promote peace and security as well as economic, social, and cultural development.

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

What is the role of the WTO dispute settlement body?

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

The Code of Canon Law of 1983 stipulates the code of conduct to be followed by all Christians around the world.

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

What does the act of state doctrine assert?

________ is a rule which states that judges of one country cannot question the validity of an act committed by another country within that other country's borders.

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 Crime

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

Digital Law and E-Commerce

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

Banking System and Electronic Financial Transactions

Credit, Mortgages, and Debtors Rights

Secured Transactions

Bankruptcy and Reorganization

Agency Formation and Termination

Liability of Principals, Agents, and Independent Contractors

Employment, Worker Protection, and Immigration Law

Labor Law

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

Franchise and Special Forms of Business

Investor Protection and E-Securities Transactions

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, Real Property, and Insurance

Real Property

Landlord-Tenant Law and Land Use Regulation

Insurance

Accountants Duties and Liability

Wills, Trusts, and Estates

Family Law

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