International business law and its environment 8th edition quizzes

There is a separate body of law governing all private international law questions. The two classifications of national legal systems are civil law countries and common law countries.

In a common law system, the judge acts as a lawyer in requiring the production of evidence. General Assembly. The purpose of the United Nations Commission on International Trade Law is to promote international trade through the harmonization of trade law among nations.

The International Monetary Fund lends money to developing countries to assist them with such problems as high interest rates and inflated oil prices. The IMF assists member countries that are having balance of payment difficulties. The International Chamber of Commerce is a liaison with the United Nations to help advocate views of the private sector.

The multinational conference that met at Bretton Woods, New Hampshire, in was instrumental in creating: A. The United Nations. The Berlin Airlift. The World Bank. The International Chamber or Commerce. The basic resources of the IMF come from: A. Quota subscriptions by member nations. Endowments raised by private contributions.

None of the above. GATT stands for: A. General Administrative Trade Treaty. General Assistance for Traffic in Trade. General Agreement on Tariffs and Trade. General Administration of Tactical Trade. To commit member countries to principles of nondiscrimination and reciprocity concerning tariff and quota reductions and disputes over these subjects.

To assist member nations in obtaining the relocation of industry to a country. To force member nations to accept goods from all other member nations. The International Chamber of Commerce is: A.

Part of the United Nations with emphasis on tariff reductions. A worldwide organization with business community memberships. The headquarters for GATT. Public international law involves: A. Relationships between public corporations in different countries as to business terms. Relationships between nations that are reflected in treaties, conventions, or charters. Relationships between private individuals in different countries. All of the above. The forum for public international law disputes is: A.

The World Forum. International Court of Justice. The League of Nations. The Hague. A case tried in the World Court can involve which of the following parties: A. Nation vs. Individual vs. Jurisdiction over a case in the World Court is: A. Compulsory on all nations. Unlimited on all nations except communist. Elective on the part of each nation.

Both A and B. The difference between a common law country and a civil law country is: A. Civil law is handled by the government while common law is handled by the people. A common law country bases its laws on statutes while a civil law country uses court cases. A common law country has similar laws throughout its regions while a civil law country is divided into areas. A common law country relies heavily on precedent established by previous court cases while a civil law country uses a comprehensive code of law.

In a socialist country, the legal system: A. Reflects the private ownership of property. Is similar to the English common law system. Exhibits no need for commercial law because such disputes are settled politically. Islamic law is based on: A.

Which of the following is not part of the structure of the United Nations? Security Council. Secretary General. House of Representatives. The chief administrative officer. The chairman of the Security Council.

The speaker for the General Assembly. Both A and C. All of the following are purposes of the International Chamber of Commerce except: A. Represent business via intergovernmental institutions. Harmonize international business practices. Sell shares in international business corporations. Provide a link with countries with different economic systems. Codes of conduct for companies and host countries in an attempt to set ethical standards for both.

When was the offer valid? When was the acceptance valid? When was the revocation valid? Decide the case under the common law and under the CISG. Discuss the differences between the UCC and the CISG regarding: a when a contract needs to be in writing, b how the parole evidence rule is applied, c when acceptance is effective, d how the mirror image rule is applied, e the "battle of the forms," f how the remedy of specific performance is applied?

Answer the following regarding the Montreal Convention of a- What is it? How did Justice Jackson's concurring opinion in the Youngstown court opinion describe the various souces and strengths of presidential power? What is the difference between disparate treatment and disparate impact according toMacNamara v Korean Air Lines p ? County of Los Angeles p and what was their reasoning? Questions Courses. What is a valid contract and what are the essential elements for a binding contract?

Chapter 6 study questions 1. Chapter 8 study questions 1. Did the action of the President inDole v Carter p constitute a treaty? Why or why not? Whatare FCN treaties and why are they important? Attachments: Homework. Amit S answered on January 14, Chapter 4 Answers: Answer 1 : Contract is different from agreement. Agreement is based on trust and faith by all the parties involved, however,contract is based on legal enforce ability and fulfillment of the set terms and conditions.

In order to be a valid agreement, there must be at least two parties involved. Now, one of the parties would offer and another party would accept the offer made. This will fulfill the condition of an agreement, as offer and acceptance has been made. In the agreement, both the parties involved would decide the rights and duties of each of the party in order to execute the contract. The following are the four essential elements of a contract: Offer : One of the parties would offer Acceptance : Another party would accept the offer made Intention of Legal consequences : Parties entering the contract must be aware that they are going to enter into a contract that could be enforced by law.

Consideration : Consideration means doing something for the other party in return for a promise by other party of doing something for them. Answer to question no. Now in the given scenario, offer arrives in Argentina on June 2 and on June 12 Argentinian company accepted the offer and send the Do you need an answer to a question different from the above? Ask your question! We want to correct this solution. Tell us more. Was the final answer of the question wrong?