International Commercial Law - 3

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