International Commercial Law - 19

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 

  Your 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 

  Your Answer   Leased 

 Select The Blank 

  Question   In legal phraseology there is no privity of ________ between customer and manufacturer 

  Correct Answer   Contract 

  Your 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 

  Your Answer   Contingent 

 True/False 

  Question   Words which do not describe the character or quality of goods are registerable. 

  Correct Answer   True 

  Your Answer   False 

 True/False 

  Question   The seller pays all the charges upto the loading of goods at the address of buyer 

  Correct Answer   False 

  Your Answer   True 

 Multiple Choice Multiple Answer 

  Question   Arbitration tribunals have been consituted in 

  Correct Answer   Poland , Czekoslovakia , Hungary  

  Your 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 

  Your Answer   False 

 Select The Blank 

  Question   Copyright protects the ________ of an idea rather than the idea itself. 

  Correct Answer   expression 

  Your 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 

  Your Answer   Juridication of courts in Banglore 

 Multiple Choice Single Answer 

  Question   The customer and manufacture has no 

  Correct Answer   Privity of Contract 

  Your Answer   Privity of Contract 

 Multiple Choice Single Answer 

  Question   GATT is a multilateral treaty that lays down general rules for the cnduct of 

  Correct Answer   International trade relation 

  Your 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  

  Your 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 

  Your Answer   Assured 

 True/False 

  Question   Term of Registration and renewal increased from 7 to 10 years. 

  Correct Answer   True 

  Your 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 

  Your 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  

  Your 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 

  Your Answer   Name and addresses of seller and buyer 

 Multiple Choice Single Answer 

  Question   Industrial design is design elements in 

  Correct Answer   Industrial produced articles 

  Your Answer   Industrial produced articles 

 Match The Following 

Question Correct Answer Your Answer 

Legalprotection of computer software Trade secreat system Trade secreat system 

Expressionof thought Original work Original work 

Not entitled for copyright protection A mere idea Computer work 

Novels, drama, poetry Literary work A mere idea 

 Match The Following 

Question Correct Answer Your Answer 

The manufacturing process Quality control Quality control 

Important issue of vertical privity is Who can be sued Who can be sued 

Sales talk Opinion maticulous precautions 

An automobile or high speed machinery maticulous precautions The marketing process 

 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 

  Your Answer   Negotiating the Bill of Lading 

 Multiple Choice Multiple Answer 

  Question   The critical point is in the port of shipmentin 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 

  Your Answer   False 

 Multiple Choice Single Answer 

  Question   The work under the copyright Act should be 

  Correct Answer   originated from the author 

  Your Answer   originated from the author 

 Multiple Choice Single Answer 

  Question   The words copyright derives from the expression 

  Correct Answer   Copy or words 

  Your Answer   Copy or words 

 Multiple Choice Single Answer 

  Question   Unregistered trade mark can be protected by the action of 

  Correct Answer   Passing off 

  Your Answer   Passing off 

 Multiple Choice Single Answer 

  Question   Apolicy which specifies the agreed value of the subject mateer insured 

  Correct Answer   A valued policy 

  Your Answer   A valued policy 

 Select The Blank 

  Question   The invoice ________is to be stated as the terms of the contract 

  Correct Answer   Price 

  Your Answer   Price 

 Select The Blank 

  Question   The clause Arrival means that the seller has to cause delivery to be madeto the buyer from the ________ 

  Correct Answer   Ship 

  Your Answer   Ship 

 True/False 

  Question   Time policies may cover a fixed priod of twelve months on the continuation clause 

  Correct Answer   False 

  Your Answer   False 

 Multiple Choice Single Answer 

  Question   Inventions are protected by 

  Correct Answer   Patent 

  Your Answer   Patent 

 True/False 

  Question   The computer programmes have been included in the ambit of patentability 

  Correct Answer   False 

  Your Answer   False 

 Select The Blank 

  Question   The shipper is entitled to demand that the bill of lading should be________ correctly 

  Correct Answer   dated 

  Your 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 

  Your 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 

  Your 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 

  Your 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 

  Your Answer   Letters of credit 

 Multiple Choice Multiple Answer 

  Question   The exclusion clauses covers 

  Correct Answer   War exclusion clause , Strike exclusion , Loss or damage caused by any terrorist  

  Your 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 

  Your 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  

  Your 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 

  Your Answer   False 

 Multiple Choice Multiple Answer 

  Question   Paries convention lay down the basic principle governing protection of 

  Correct Answer   Patents , Trademarks , Industrial design  

  Your Answer   Patents , Trademarks  

 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 

  Your 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 

  Your Answer   The Slip 

 Multiple Choice Multiple Answer 

  Question   Classification of contracts by it's validity are 

  Correct Answer   Voidable contract , Illegal contract , Unenforceable contract  

  Your 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  

  Your Answer   The policy number , The subject- matter insured , The amount insured