Question 1

How are disputes settled in the World Trade Organization (WTO)? What are the different WTO bodies that handle disputes?

Accepted Answer

A member nation that believes that anoth

Question 2

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 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; 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 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; inheritance; and, to a limited degree, criminal law.

Question 3

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 4

By default, a case involving an international dispute is prosecuted only in ________.

Accepted Answer

A)  the International Court of Justice 
B)  a court in the defendant's country 
C)  a court in the plaintiff's country 
D)  the World Trade Organization dispute settlement body 
A)  the International Court of Justice 
B)  a court in the defendant's country 
C)  a court in the plaintiff's country 
D)  the World Trade Organization dispute settlement body

Question 5

Treaties sponsored by international organizations like the United Nations are known as ________.

Accepted Answer

A)  arraignments 
B)  abjections 
C)  amendments 
D)  conventions 
A)  arraignments 
B)  abjections 
C)  amendments 
D)  conventions

Question 6

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

Accepted Answer

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

Question 7

Which of the following is an example of an autonomous agency of the United Nations?

Accepted Answer

A)  the North Atlantic Treaty Organization 
B)  the Security Council 
C)  the World Trade Organization 
D)  the International Monetary Fund 
A)  the North Atlantic Treaty Organization 
B)  the Security Council 
C)  the World Trade Organization 
D)  the International Monetary Fund

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 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

Which of the following branches of the United Nations is primarily responsible for maintaining international peace and has authority to use armed force for this purpose?

Accepted Answer

A)  the General Assembly 
B)  the Secretariat 
C)  the Security Council 
D)  the International Court of Justice 
A)  the General Assembly 
B)  the Secretariat 
C)  the Security Council 
D)  the International Court of Justice

Question 11

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

Accepted Answer

A) True 
 B)False

Question 12

The Foreign Sovereign Immunities Act (FSIA) strictly states that a foreign country is not immune to lawsuits in U.S. courts under any circumstances.

Accepted Answer

A) True 
 B)False

Question 13

The classical Hindu law was based on ________.

Accepted Answer

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

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

The General Assembly of the United Nations (UN) is ________.

Accepted Answer

A)  a collection of autonomous agencies that deals with the socio-economic problems of the United States 
B)  the legislative body of the United Nations that is composed of all UN member nations 
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 deals with the socio-economic problems of the United States 
B)  the legislative body of the United Nations that is composed of all UN member nations 
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 16

Which of the following is codified in the Foreign Sovereign Immunities Act?

Accepted Answer

A)  the act of state doctrine 
B)  the principle of restricted immunity 
C)  the Supremacy Clause 
D)  the choice of forum clause 
A)  the act of state doctrine 
B)  the principle of restricted immunity 
C)  the Supremacy Clause 
D)  the choice of forum clause

Question 17

The World Bank is ________.

Accepted Answer

A)  an autonomous agency under the aegis of the European Union 
B)  an agency that monitors the financial collaborations taking place in the eurozone 
C)  primarily responsible for promoting sound monetary, fiscal, and macroeconomic policies worldwide 
D)  primarily responsible for providing money to developing countries to fund projects for humanitarian purposes 
A)  an autonomous agency under the aegis of the European Union 
B)  an agency that monitors the financial collaborations taking place in the eurozone 
C)  primarily responsible for promoting sound monetary, fiscal, and macroeconomic policies worldwide 
D)  primarily responsible for providing money to developing countries to fund projects for humanitarian purposes

Question 18

Rabbinic jurisprudence is administered by rabbi-judges sitting as the Beis Din.

Accepted Answer

A) True 
 B)False

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

Which of the following pairs of constitutional provisions gives the federal government the authority to regulate foreign affairs?

Accepted Answer

A)  the Due Process Clause and Double Jeopardy Clause 
B)  the Supremacy Clause and the Equal Protection Clause 
C)  the Free Exercise Clause and the Establishment Clause 
D)  the Foreign Commerce Clause and the Treaty Clause 
A)  the Due Process Clause and Double Jeopardy Clause 
B)  the Supremacy Clause and the Equal Protection Clause 
C)  the Free Exercise Clause and the Establishment Clause 
D)  the Foreign Commerce Clause and the Treaty Clause

Exam 54: International and World Trade Law

How are disputes settled in the World Trade Organization (WTO)? What are the different WTO bodies that handle disputes?

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

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

By default, a case involving an international dispute is prosecuted only in ________.

Treaties sponsored by international organizations like the United Nations are known as ________.

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

Which of the following is an example of an autonomous agency of the United Nations?

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

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

Which of the following branches of the United Nations is primarily responsible for maintaining international peace and has authority to use armed force for this purpose?

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

The Foreign Sovereign Immunities Act (FSIA) strictly states that a foreign country is not immune to lawsuits in U.S. courts under any circumstances.

The classical Hindu law was based on ________.

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

The General Assembly of the United Nations (UN) is ________.

Which of the following is codified in the Foreign Sovereign Immunities Act?

The World Bank is ________.

Rabbinic jurisprudence is administered by rabbi-judges sitting as the Beis Din.

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

Which of the following pairs of constitutional provisions gives the federal government the authority to regulate foreign affairs?

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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