International Commercial Law - 14

LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Multiple Choice Single Answer
Question The plaintiff must have some badge of recognition upon which to found his
Correct Answer Reputation

Multiple Choice Single Answer
Question When a contract is made by free consent the contract is
Correct Answer Valid

Multiple Choice Single Answer
Question A formal receipt by the ship owner acknowledging that goods alleged to be of the stated species, quanitity and condition is a
Correct Answer bill of lading

True/False
Question The law of products liability governs the public litigation of product accidents
Correct Answer False

Select The Blank
Question The remedies for infringement of patent are injunction and ________
Correct Answer Damages

Multiple Choice Single Answer
Question The trading Invoice should state the
Correct Answer Name and addresses of seller and buyer

Select The Blank
Question The Arbitrations and Conciliation Act, 1996 was enacted taking into account the model law and Rules recommended by United Nation for efficient ________ of disputed arising in international commercial relation
Correct Answer Settlement

Multiple Choice Multiple Answer
Question Paris convention does not lay down any limits on
Correct Answer Duration of patents , Examination and grant of product or process patent , Areas of patentability

Multiple Choice Multiple Answer
Question A European Convention on International commercial Arbitration
Correct Answer was signed in 1961 in Geneva , came into force in 1984 , was sponsored by the UN economic commission for Europe

Multiple Choice Multiple Answer
Question NewZealan prohibits and restricts certain types of paking like
Correct Answer The use of hay , The use of chaff , The use of rice husk

Select The Blank
Question An implied contract is one which is inferred from the ________ of the parties.
Correct Answer Conduct

Select The Blank
Question The expression stale bill of lading is used in ________ practice
Correct Answer banking

Multiple Choice Multiple Answer
Question The efficiency of computers is
Correct Answer storing , retrieing , seleting

Select The Blank
Question The marine insurance covers all riskof loss or damage to the subject - matter insured except ________clauses
Correct Answer Exclusion clauses

Select The Blank
Question When the consumer deals with the retailer rather than directly with the manufacture he establishes a ________ relationship
Correct Answer Contractual

Select The Blank
Question The invoice ________is to be stated as the terms of the contract
Correct Answer Price

Multiple Choice Single Answer
Question The rights which enable the proprietory of the trade mark to the exclusive use of that trade mark in relation to the goods for which it is registered is
Correct Answer Statutory rights

Multiple Choice Single Answer
Question In testing wheather an articles infringes a registered designfor that article, the normal starting point is the design as
Correct Answer a whole

Multiple Choice Multiple Answer
Question The procedural aspect of Gatt Settlement are
Correct Answer Notiufication , Consultancy , Arbitration

Select The Blank
Question An issue of bill of lading who deliberately backdates it in order to bring it within the shipment time in the credit, acts ________
Correct Answer frandulently

Multiple Choice Single Answer
Question A contract in which the parties agree that a false invoice be isued is
Correct Answer Unenforceable by Law

True/False
Question Anticipation is the lack of novelty
Correct Answer True

True/False
Question A valued policy is a policy which specify the fixed value of the subject matter by the assured
Correct Answer False

Match The Following
Question Correct Answer Your Answer


The most important institution for the arbitral settlement of International trade disputes The ICC court
The administrative and financial regulations ICSID
European Arbitration Sponsored by the UN economic commission
The London court of International arbitration Sponsored by Chartered Insitute of Arbitration



Select The Blank
Question Many national chambers of commerce and arbitration insitutions have agreed to act as ________ under the UNCITRAL Rules
Correct Answer Appointing Authority

Multiple Choice Single Answer
Question Trade marks, service marks, commercial names and designations are the intellectual property rights under the
Correct Answer The world intellectual property organization

Multiple Choice Multiple Answer
Question The root requirement in creating the work is
Correct Answer sufficient skill, fudgement and labour , selection indgement and experience , selection labour, skill and capital

True/False
Question The buyer is entitled to refuse the acceptance of the goods if they are packed in accordance of his instructions
Correct Answer False

Multiple Choice Multiple Answer
Question The contractual nature of arbituration determines questions , which are not free from controversy . The question are
Correct Answer Whether arbitration himself can decide conclusively , whether it the arbitration clause is contained in the original contract , whether the arbitation clause itself is under cloud

Multiple Choice Single Answer
Question Contract where both the partners have performed their respective obligations
Correct Answer Executed contract

Multiple Choice Multiple Answer
Question The London court of International Arbitration includes any question regarding its
Correct Answer Existance , Validity , Termination

Select The Blank
Question Contracts created by law are called ________.
Correct Answer Quasi contract

True/False
Question Differences in design which are immaterial are not sufficient to renderthe design New
Correct Answer True

Multiple Choice Single Answer
Question When placed in the market a defective product that causes injury to human beings the
Correct Answer Manufacturer is liable

True/False
Question The expression literary work covers work which is expressed in print or writing irrespective of whether the quality or styal is high
Correct Answer True

True/False
Question The buyer who reject the goods is not bound to return them to the seller unless this is agreed
Correct Answer True

Multiple Choice Multiple Answer
Question The Lawful consideration means
Correct Answer Benefit from one party to other , Advantage from one party to other , Something in return from one party to other

Match The Following
Question Correct Answer


Stating that the credit is divisible or that it is unrestricted for negotiation Transferable credit
Letter of credit Paper transaction
Undertaking by a bank to make payment to a third party A stand by letter of credit
Convenient method of finance for the small exporter Packing credit

True/False
Question Infringement of patent takes place, normally during Industrial or Commercial activities
Correct Answer True

Select The Blank
Question The invoice ________is to be stated as the terms of the contract
Correct Answer Price

Multiple Choice Multiple Answer
Question Kinds of bills of lading are
Correct Answer Shipped and received bills , Feright prepaid and freight collect bill , clean and claused bill

Multiple Choice Multiple Answer
Question Liability for defective products is based on three principles
Correct Answer Strict liability , Qualified liability , Fault liability

Multiple Choice Single Answer
Question The buyer should make certain that the notice to reject the goods reaches the seller, otherwise it is
Correct Answer Ineffective

Multiple Choice Single Answer
Question GATT is a multilateral treaty that lays down general rules for the cnduct of
Correct Answer International trade relation

True/False
Question In the United States, most commercial arbitration are governed by the United States Arbitration Act
Correct Answer True

Multiple Choice Single Answer
Question The trading Invoice should state the
Correct Answer Name and addresses of seller and buyer

Multiple Choice Multiple Answer
Question The arbitratior as a private judge choosen by the parties must be absolutely


Correct Answer Act in accordance with procedural rules, Procedural rules, Giving Fair hearing