The U.S. prohibits the export of pesticides not approved by the U.S. EPA.
a. True
b. False
The negative implication doctrine means that state governments may not enact laws that
impose a substantial burden on foreign commerce.
a. True
b. False
The internationally accepted body of rules pertaining to letters of credit is:
a. Article 5 of the Uniform Commercial Code.
b. Uniform Customs and Practices for Documentary Credits.
c. Convention on Bills of Exchange and Promissory Notes.
d. Uniform Code of Practice for Letters of Credit.
Contract law in all countries require that there be mutual assent in the establishment of
a contract between the parties.
a. True
b. False
Developing nations generally favor
a. Creation of a permanent trade and environment committee in the WTO.
b. An ad valorem tax on all imports to promote environment-friendly development in
poorer nations.
c. Transfer of environmentally appropriate technology for little or no charge.
d. A and B.
e. B and C.
Under GATT, charges may be imposed upon the movement of imported goods, such as
port fees and inspection fees.
a. True
b. False
The Commission of the European Communities v. Italian Republic involved the
importation of vegetable fats labeled as “chocolate substitutes.”
a. True
b. False
The government of Venezuela is purchasing a large quantity of American beans to be
loaded on its own ship at the port of New Orleans. The buyer will arrange to have its
vessel loaded and will obtain its own export licenses. The seller may be asked to quote
its prices:
a. FOB New Orleans.
b. CIF Venezuela.
c. FAS Venezuelan vessel.
d. DEQ Venezuelan port.
e. None of the above.
In advertising, products such as tobacco and alcohol that are deemed to be corrosive to
society are called:
a. “temptation” products.
b. illegal products.
c. ‘sin” products.
d. None of the above.
Today, COGSA allows ocean carriers to put clauses in their bills of lading exonerating
them from liability.
a. True
b. False
The title of the goods sold in a documentary sale is transferred through:
a. Negotiation of the document only.
b. Delivery of the goods only.
c. Negotiation of the document and delivery of the goods.
d. Title to the goods is not transferred in a documentary sale.
A foreign company’s first line of defense in litigation in the U.S. is often that they are
not subject to the jurisdiction of the courts.
a. True
b. False
An imported item substantially transformed in the United States by the importer before
being sold to the ultimate purchaser need not be marked with a foreign country of
origin.
a. True
b. False
In the history of maritime law, which of the following is one of the most influential and
detailed medieval codes from the twelfth century?
a. The Code of Normandy
b. The Rolls of Oleron
c. Rhodian Law
d. The Mansfield Code
EU competition law applies only to agreements and transactions that:
a. Involve an EU-based company.
b. Have an effect on intra-EUC trade.
c. The EU wishes to have its approval and involvement.
d. Have a direct impact on foreign commerce.
How many representatives is each member country allowed to appoint to the European
Union’s Council of Ministers:
a. Three.
b. Two.
c. One.
d. None, the members of the presiding council make the appointments.
In the U.S., jurisdiction is:
I. Defined by the U.S. Constitution
II. Defined by various statutes
a. Both I and II.
b. Neither I nor II.
c. I only.
d. II only.
Normal trade relations provides that a nation cannot negotiate a preferential trade
agreement with another nation.
a. True
b. False
In the Shrimp Importation Case, the WTO Appellate Body determined that:
a. The U.S. program certifying the use of TEDs or devices of comparable effectiveness
was an unjustified discrimination against Malaysian shrimp products.
b. The U.S. program certifying the use of TEDs or devices of comparable effectiveness
was not an unjustified discrimination against Malaysian shrimp products.
c. The U.S. program was invalid because it treated Malaysian shrimp differently than
shrimp from other countries.
d. The U.S. program was valid as it related to conservation of an exhaustible natural
resource.