International Law

This question bank verified by Studydeets

All Questions

Question 1

Free

True/False

The conduct that violates the The anti bribery provisions of the FCPA may also give rise to a private cause of action for treble damages under the Racketeer Influenced and Corrupt Organizations Act (RICO).

Choose correct answer/s

True

False

Check answer

Question 2

Free

True/False

Expropriation is the seizure of foreign-owned property by a government.

Choose correct answer/s

True

False

Check answer

Question 3

Free

True/False

Under U.S. law, a firm or individual can compel the U.S. government to press a claim on its behalf before the International Court of Justice.

Choose correct answer/s

True

False

Check answer

Question 4

Free

True/False

A country may choose to accept the Court's jurisdiction only when the use of the Court may suit its own interests.

Choose correct answer/s

True

False

Check answer

Question 5

Free

True/False

The International Court of Justice has been a major force in settling disputes since it began functioning in 1946.

Choose correct answer/s

True

False

Check answer

Question 6

True/False

The International Monetary Fund (IMF) encourages international trade by maintaining stable foreign exchange rates and works closely with commercial banks to promote orderly exchange policies with members.

Choose correct answer/s

True

False

To unlock the question

Question 7

True/False

The WTO does not have the power to hear disputes involving member states.

Choose correct answer/s

True

False

To unlock the question

Question 8

True/False

The World Trade Organization is the only global international trade organization dealing with the rules of trade between nations.

Choose correct answer/s

True

False

To unlock the question

Question 9

True/False

The European Union, as it is known today, began when six nations signed the Treaty of Rome.

Choose correct answer/s

True

False

To unlock the question

Question 10

True/False

The Convention on the International Sale of Goods (CISG) outlines standard international practices for the sale of goods.

Choose correct answer/s

True

False

To unlock the question

Question 11

True/False

Public international law examines relationships created by commercial transactions.

Choose correct answer/s

True

False

To unlock the question

Question 12

True/False

Under the CSIG, parties are not allowed to negotiate contract terms and cannot opt out of the CISG.

Choose correct answer/s

True

False

To unlock the question

Question 13

True/False

The Convention on the International Sale of Goods does not require contracts for the sale of goods to be in writing.

Choose correct answer/s

True

False

To unlock the question

Question 14

True/False

The Convention on the International Sale of Goods resolves all areas of contract law.

Choose correct answer/s

True

False

To unlock the question

Question 15

True/False

The issuing bank's commitment to pay is given to the seller directly in the case of a letter of credit.

Choose correct answer/s

True

False

To unlock the question

Question 16

True/False

Irrevocable letters of credit have little effect on reducing uncertainties in international transactions.

Choose correct answer/s

True

False

To unlock the question

Question 17

True/False

By using of a letter of credit, the buyer need not pay the seller for goods prior to shipment and the seller can obtain payment for the goods immediately upon shipment. Use of a letter of credit in the transaction reduces the uncertainties involved.

Choose correct answer/s

True

False

To unlock the question

Question 18

True/False

Irrevocable letters of credit do not recognize the concept of substantial performance.

Choose correct answer/s

True

False

To unlock the question

Question 19

True/False

A licensing agreement allows an international business to enter a foreign market without any direct foreign investment.

Choose correct answer/s

True

False

To unlock the question

Question 20

True/False

The Alien Tort Claims Act was enacted 20 years ago to address tort actions arising from the recent initiatives in global trade.

Choose correct answer/s

True

False

To unlock the question