Ocean carriers are liable for damages resulting from which of the following:
a. Providing a seaworthy ship at the beginning of the voyage.
b. Mismanagement of the ship that causes a shipwreck.
c. Errors in navigation that cause a mid-ocean collision.
d. Two of the above.
e. All of the above.
In Gaskin v. Stumm Handel GmbH, the District Court ruled:
a. That employment contracts must be in writing.
b. That the plaintiff was excused from performing a contract written in German because
he understood only English.
c. That the contract was unconscionable because it was written in a language foreign to
the plaintiff.
d. That the plaintiff’s signing of a jural document makes the signatory conclusively
bound
Bills of lading are a twentieth-century convention of trade practice.
a. True
b. False
European courts addressing a patent issue are generally more favorable to patent
holders than U.S. courts.
a. True
b. False
A host country refers to the country under whose laws the investing corporation was
created or is headquartered.
a. True
b. False
In order to prove the carrier’s liability under COGSA in court, the plaintiff must prove
that the goods were loaded in a good condition and unloaded in a damaged condition or
lost. This is usually done by:
a. Questioning the captain of the ship as to the condition of the goods.
b. Testimony from the shipper that the goods were in good condition when loaded into
the container.
c. Producing a clean bill of lading as evidence.
d. There is a rebuttable presumption that the goods were damaged when they were
unloaded, and the carrier must prove that they were not.
Bills of lading are negotiable instruments but cannot be used as collateral for an
outstanding debt.
a. True
b. False
In the United States, the office that initially reviews and rules on license applications is
the:
a. Bureau of Industry and Security.
b. Office of Export Trade Control.
c. Export Administration Board.
d. Export Policy Operations Committee.
In advertising, a vague or exaggerated claim such as “20% less fat” is called:
a. caveat emptor.
b. false witness.
c. puffing.
d. None of the above.
Goods held in a Foreign Trade Zone must be removed within one year of their original
import date.
a. True
b. False
The Electra-Amambay case involved a local Paraguayan firm that was terminated for
“just cause” from representing a Brazilian company.
a. True
b. False
EPCI controls were instituted to stem the flow of currency to the third world countries.
a. True
b. False
All foreign nations permit foreign majority ownership of critical industries to the
security of the host country.
a. True
b. False
If mediation is chosen as a form of dispute resolution, it will be:
a. A mandatory process.
b. Binding on all the parties.
c. A voluntary process.
d. Not available in international disputes.
When the president decides to impose export controls for national security or foreign
policy reasons, the following businesses may be adversely affected:
a. Farmers whose crops are in short supply.
b. Businesses who cooperate with Arab nations in boycotting Israel.
c. Subsidiaries of U.S. companies having contracts with nations targeted by U.S.
foreign policy.
d. B and C only.
e. A, B, and C.
According to the Asahi Metal case merely placing your product into “the stream of
commerce”where it is a component in a product is not sufficient to establish jurisdiction
over a foreign company.
a. True
b. False
Another term in lieu for a negotiable bill of lading is a documentary draft.
a. True
b. False
The WTO is overseen by the Ministerial Conference, which is made up of:
a. the presidents, prime ministers, and royalty from all WTO member nations.
b. high-ranking representatives from all WTO member nations.
c. high-ranking representatives from a select group of wealthy WTO member nations.
d. five representatives from each of the WTO member nations.