Sunday, December 26, 2010

International Commercial Law - 9

This solved paper has been contributed by Raul Castro

THANKS TO : Raul Castro
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LIST OF ATTEMPTED QUESTIONS AND ANSWERS   
    
 True/False
  Question   The floating policy is not a time policy but the aggregation of voyage policies
  Correct Answer   True
  
 Select The Blank
  Question   In some cases, the transaction may not involve a sale. The product may have been ________ or loaned by the owner
  Correct Answer   Leased
  
 Select The Blank
  Question   In legal phraseology there is no privity of ________ between customer and manufacturer
  Correct Answer   Contract
  
 Select The Blank
  Question   The unpaid seller has also a ________ interest in them untill the buyer is deemed to have accepted the goods
  Correct Answer   Defensible
  
 True/False
  Question   Words which do not describe the character or quality of goods are registerable.
  Correct Answer   True
  
 True/False
  Question   The seller pays all the charges upto the loading of goods at the address of buyer
  Correct Answer   False
  
 Multiple Choice Multiple Answer
  Question   Arbitration tribunals have been consituted in
  Correct Answer   Poland , Czekoslovakia , Hungary 
  
 True/False
  Question   Under through Bills of Lading Covering on Carriage by air, the air consignment is a document of title but bill of lading is not.
  Correct Answer   False
  
 Select The Blank
  Question   Copyright protects the ________ of an idea rather than the idea itself.
  Correct Answer   expression
  
 Multiple Choice Single Answer
  Question   In a contrat between A, B Of Bombay and Banglore respectively it may be provided that all dispute between them should be decided by a court in Bombay. Therefore in case B files a suit in Banglore, A may Sucessfully objected to the
  Correct Answer   Juridication of courts in Banglore
  
 Multiple Choice Single Answer
  Question   The customer and manufacture has no
  Correct Answer   Privity of Contract
  
 Multiple Choice Single Answer
  Question   GATT is a multilateral treaty that lays down general rules for the conduct of
  Correct Answer   International trade relation
  
 Multiple Choice Multiple Answer
  Question   The Institute Cargo clauses B covers the loss of or damage to the subject - matter insured reasonably attributed to
  Correct Answer   Fire or explosion, Discharge of cargo at a port of distress, Earthquake, volcanic eruption or lightening
  
 Select The Blank
  Question   The burden of proof for recovery under the insurance is that of the ________
  Correct Answer   Assured
  
 True/False
  Question   Term of Registration and renewal increased from 7 to 10 years.
  Correct Answer   True
  
 True/False
  Question   Ii is in the public interest to encourage the marketing of the products having defects that can be sold in lower price to the public.
  Correct Answer   False
  
 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 
  
 Multiple Choice Single Answer
  Question   The trading Invoice should state the
  Correct Answer   Name and addresses of seller and buyer
  
 Multiple Choice Single Answer
  Question   Industrial design is design elements in
  Correct Answer   Industrial produced articles
  
 Match The Following
Question                                                                                Correct Answer

Legalprotection of computer software            Trade secreat system
 Expressionof thought                                                        Original work
 Not entitled for copyright protection                              A mere idea
 Novels, drama, poetry                                       Literary work

  
Match The Following
Question                                                                Correct Answer

The manufacturing process                               Quality control
Important issue of vertical privity is                Who can be sued
Sales talk                                                               Opinion
An automobile or high speed machinery        maticulous precautions

  
Multiple Choice Single Answer
Question   If the seller requires payment before the deferred payment credit matures, he can obtain it by
Correct Answer   Negotiating the Letter of Credit

Multiple Choice Multiple Answer
Question   The critical point is in the port of shipment in the traditional forms of export contracts such as
  Correct Answer   f.o.b , c.i.f , f.a.s 
  Your Answer   f.o.b , c.i.f , f.a.s 
  
 True/False
  Question   Scenic effects and costumes are not the subjects of copyright even if they are artistic
  Correct Answer   False

Multiple Choice Single Answer
  Question   The work under the copyright Act should be
  Correct Answer   originated from the author
  
 Multiple Choice Single Answer
  Question   The words copyright derives from the expression
  Correct Answer   Copy or words
  
 Multiple Choice Single Answer
  Question   Unregistered trade mark can be protected by the action of
  Correct Answer   Passing off
  
 Multiple Choice Single Answer
  Question   Apolicy which specifies the agreed value of the subject mateer insured
  Correct Answer   A valued policy
  
 Select The Blank
  Question   The invoice ________is to be stated as the terms of the contract
  Correct Answer   Price
  
 Select The Blank
  Question   The clause Arrival means that the seller has to cause delivery to be made to the buyer from the ________
  Correct Answer   Ship
  
 True/False
  Question   Time policies may cover a fixed priod of twelve months on the continuation clause
  Correct Answer   False
  
 Multiple Choice Single Answer
  Question   Inventions are protected by
  Correct Answer   Patent
  
 True/False
  Question   The computer programmes have been included in the ambit of patentability
  Correct Answer   False
  
 Select The Blank
  Question   The shipper is entitled to demand that the bill of lading should be________ correctly
  Correct Answer   dated

Multiple Choice Single Answer
  Question   A contract in which the parties agree that a false invoice be isued is
  Correct Answer   Unenforceable by Law
  
 Select The Blank
  Question   Under f.o.b contract the cost of loading is usually included in the ________charges which are to paid by the buyer
  Correct Answer   Freight
  
 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   ________ has no eastablished status in Law but are admissible in evidence against the seller if litigation ensues between him and buyer
  Correct Answer   Letters of Insurance
  
 Multiple Choice Multiple Answer
  Question   The exclusion clauses covers
  Correct Answer   War exclusion clause , Strike exclusion , Loss or damage caused by any terrorist 
  
 Select The Blank
  Question   The rights of the copyright ________ may be roughly classified into reproduction rights and performing rights.
  Correct Answer   owner
  
 Multiple Choice Multiple Answer
  Question   The theories of liability may be divided into three groups
  Correct Answer   Negligence , Misrepresentation, both tortions and by breach of warranty , Strict liabilty in tort for defective products 
  
 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   Paries convention lay down the basic principle governing protection of
  Correct Answer   Patents , Trademarks , Industrial design 
  
 True/False
  Question   An electrical terminal for washing meachine was held registrable because a potential customer may decide to buy it solely for its utility
  Correct Answer   False
  
 Multiple Choice Single Answer
  Question   The broker wright the essentials of the proposed insurance in cuetomery abbreviationson a document called
  Correct Answer   The Slip
  
 Multiple Choice Multiple Answer
  Question   Classification of contracts by it's validity are
  Correct Answer   Voidable contract , Illegal contract , Unenforceable contract 
  
 Multiple Choice Multiple Answer
  Question   The Lioyd's marine policy form is schedule into which the following information is to be inserted
  Correct Answer   The policy number , The subject- matter insured , The amount insured 

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