1) The doctrine used by common law courts to refuse jurisdiction is called forum non
conveniens.
2) The UNFCCC divides its member countries into two main groups, Annex I countries
and non-Annex I countries.
3) Adoption of the precautionary approach to protecting the environment was agreed
upon in the Stockholm Declaration.
4) The protective nexus provides for jurisdiction when a national or international
interest of the forum is injured by the offender.
5) A franchise in which the franchisee sells products it manufactures from a formula or
from ingredients provided by the franchisor is called chain-style business.
6) Servitude is the right of a government to exclusively exercise its powers within a
particular territory.
7) European Union law within its scope of applicability is superior to the laws of the
member states.
8) A person or company must give its consent (either expressly or impliedly) before
either will be subject to the jurisdiction of a local state.
9) When mediators provide a channel of communications only, it is said that they are
involved in conciliation.
10) The governmental interest doctrine states that a state is immune from suit in cases
involving injuries that are the result of its governmental actions.
11) Where the owner or operator of a vessel is willing to carry goods for more than one
person, the vessel is known as a free carrier.
12) The World Bank decides what projects are to be funded by the Global Environment
Facility.
13) Agreements between competitors that have the effect of diminishing competition
are called ________.
A. vertical competition agreements
B. cross-licensing agreements
C. multiple licensing agreements
D. horizontal competition agreements
14) Which of the following features is covered in the CISG?
A. rights of the parties involved in the sale of stocks and shares
B. the remedies available to the buyer
C. the competency of the third parties
D. the rights of third parties
15) Which of the following describes the long arm statute?
A. A law defining the kinds of partnerships that can be formed between corporations or
individuals and foreign companies
B. A law defining the conduct of a foreign person within a state that will subject that
person to the jurisdiction of the state
C. A law defining the kind of companies that a company can set up in a foreign country
D. A law defining the kinds of awards that can be sought in an anti-trust case against the
government
16) ________ are laws enacted in some countries to obstruct the extraterritorial
application of U.S. antitrust laws by limiting a plaintiffs right to obtain evidence or to
enforce a judgment, and that allows a defendant to bring suit locally to recover punitive
damages paid in the United States.
A. Blocking statutes
B. Jim Crow statutes
C. Consent decrees
D. Whistleblower statutes
17) The parts of a states economy in which foreigners are encouraged to invest are
called ________.
A. exclusive economic zones
B. special economic zones
C. foreign priority sectors
D. restricted sectors
18) ________ is the proposal of developing countries that would establish a Common
Fund to underwrite the costs of maintaining a buffer stock of primary commodities as a
way to stabilize supplies.
A. Customs Valuation Code
B. General Agreement on Tariffs and Trade
C. Integrated Program for Commodities
D. Agreement on Trade Related Investment Measures
19) Which of the following describes a currency basket in monetary transaction?
A. an exchange rate system wherein a currency’s value is allowed to fluctuate according
to the foreign exchange market
B. a contractual provision that says that the price will be adjusted according to the
inflation rate
C. a selected group of currencies whose weighted average is used to define the amount
of an obligation
D. a scheme for fixing the exchange rate of a currency by matching its value to the
value of another single currency
20) Under the EC Treaty, the right of member state nationals and firms to settle
permanently and carry on a business throughout the EU is known as the ________.
A. foreseeability standard
B. freedom to provide services
C. right to participation
D. right of establishment
21) Under the CISG, the fixing by the buyer of an additional reasonable period of time
in which the seller may perform is known as ________.
A. dlai de grce
B. de minimis
C. nolo contendere
D. Nachfrist notice
22) Unlike the U.S. Uniform Commercial Code and some other domestic sales laws, the
CISG rules on risk of loss are not concerned with breach of contract. Which of the
following contracts is an exception to this?
A. a shipment contract
B. an in-transit contract
C. a destination contract
D. a transshipment contract
23) A ________ is a legally binding agreement between two or more states.
A. convention
B. comity
C. treaty
D. estoppel
24) A bill involved in a draft transaction is considered a note ________.
A. if the drawer owes money to the drawee
B. if the drawee is drawers buyer
C. if the drawee is a borrower of the drawer
D. if the drawer has kept money with the drawee for safeguarding
25) The trade term ________ is used when the seller fulfills his obligations to deliver
by handing over the goods, cleared for export, to a carrier named by the buyer.
A. ex works
B. free carrier
C. charterparty
D. demurrage
26) A(n) ________ is a printed statement given to prospective securities investors
setting out a full, true, and plain disclosure of all material facts relating to the securities
and the issuer.
A. prospectus
B. article of incorporation
C. memorandum of association
D. charter
27) Which of the following is true of the International Criminal Court?
A. It is the principal judicial organ of the United Nations
B. Its judges are elected by the United Nations General Assembly
C. Its jurisdiction and functioning are governed by the Rome Statute
D. The courts jurisdiction is limited to events taking place since Jan 1, 2012
28) A(n) ________ is the patent granted for the invention of a new and useful process,
machine, article of manufacture, or composition of matter.
A. design patent
B. utility patent
C. plant patent
D. copyright
29) Once a particular kind of activity is classified as a per se violation, the courts then
________.
A. apply the case-by-case rule of reason analysis for that particular case
B. directly consider an appropriate remedy for that particular case
C. consider the level of justifiability of the violation for that particular case
D. check if the violation breaches Section 1 of the Sherman Act
30) What is the purpose of issuing a bill of lading?
31) What is the buyers obligation for payment?
32) Differentiate between nationalization and expropriation.
33) Differentiate between a voyage charterparty and a time charterparty.