International Commercial Law - 8

This solved paper has been contributed by Raul Castro

THANKS TO : Raul Castro
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LIST OF ATTEMPTED QUESTIONS AND ANSWERS       

             

 Select The Blank

  Question         The burden of proof for recovery under the insurance is that of the ________

  Correct Answer            Assured

 Multiple Choice Single Answer

  Question         An administrative commission for concilliation is constituted at the ICC and for each dispute a conciliation committee of three members is set up by the

  Correct Answer            President of ICC

 Multiple Choice Single Answer

  Question         The broker write the essentials of the proposed insurance in customary abbreviation a document called

  Correct Answer            The Slip

 Select The Blank

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

  Correct Answer            Contract

 True/False

  Question         The law of products liability governs the public litigation of product accidents

  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 is the arbitration clause is contained in the original contract , whether the arbitation clause itself is under cloud

 Multiple Choice Single Answer

  Question         A contract in which the parties agree that a false invoice be issued is

  Correct Answer            Unenforceable by Law

 Multiple Choice Multiple Answer

  Question         In stand by letters of credit, the bank may also be instructed to authorise another bank against the stipulated documents to

  Correct Answer            Pay bills of exchange , Accept bills of exchange , Negotiate bills of exchange

 Select The Blank

  Question         It would be infringed by making a ________ copy of the topographical arrengement.

  Correct Answer            facsimile

 Multiple Choice Single Answer

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

  Correct Answer            A valued policy

 Multiple Choice Multiple Answer

  Question         Other documents inluded in the shipping documents are

  Correct Answer            Certificate of origin , Certificate of quality , Certificate of inspection

 True/False

  Question         Infringement of patent takes place, normally during Industrial or Commercial activities

  Correct Answer            True

 True/False

  Question         In the case o fliterary work like encyclopedia dictionaries, year books etc., i.e. where there is collective work and output, there is a joint authorship.

  Correct Answer            False

 Multiple Choice Single Answer

  Question         Where the subject - matter is insured from one point to another is a

  Correct Answer            Voyage policy

 Multiple Choice Single Answer

  Question         The container is normally shipped under an ordinary

  Correct Answer            Shipped bill of lading

 Multiple Choice Multiple Answer

  Question         Classification of contracts by it's validity are

  Correct Answer            Unenforceable contract , Voidable contract , Illegal contract

 Multiple Choice Single Answer

  Question         The most frequent method of payment for goods in the export trade is

  Correct Answer            Letter of credit

 Multiple Choice Single Answer

  Question         The single most important document in International Trade and forms the very basis of a large volume in international trade is

  Correct Answer            L/C

 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 Single Answer

  Question         If the carriage of goods by sea are carried in bulk, e.g. coal, oil, grain, the shipper may hise a whole vessel i.e.

  Correct Answer            charter party

 Multiple Choice Single Answer

  Question         The law relating to letters of credit is founded on the principle of

  Correct Answer            The doctrine of strict performance

 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         Dramatic work includes

  Correct Answer            work of dance and mime, the scenario for a film, the script for a film

 Multiple Choice Multiple Answer

  Question         The letter of credit should state which of the methods have been chosen by the parties namely,

  Correct Answer            Payment at sight, Deferred payment, Acceptance or negotiation

 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

 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 Single Answer

  Question         The work under the copyright Act should be

  Correct Answer            originated from the author

 Multiple Choice Single Answer

  Question         The marine insurance policy or the marine insurance certificate forms a part of the

  Correct Answer            Shipping Document

 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             meticulous precautions

 Multiple Choice Multiple Answer

  Question         A general average act has to satify the followling requirements. It must be

  Correct Answer            In time of peril , An extraordinary sacrifice or expenditure , Purposely resorted to

 True/False

  Question         The arbitrator, like a judge, has power to order the inspection of the object in dispute.

  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

 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

 Multiple Choice Single Answer

  Question         If the carriage of goods by sea are individual pakages, they are carried under

  Correct Answer            bill of lading

 Multiple Choice Single Answer

  Question         It is essential that a patentable invention must possess

  Correct Answer            Utility

 Multiple Choice Single Answer

  Question         The law of product safety is

  Correct Answer            Regulatory law

 Select The Blank

  Question         A ' would be patentee may endanger his own chances by any sort of publicity ________ registration of a patent

  Correct Answer            Before

 Multiple Choice Multiple Answer

  Question         Paris convention is applicable to industrial property

  Correct Answer            Inventions , Trade marks , Service marks

 True/False

  Question         The two types of contract of carriage by sea is contracts evident by bill of lading and contracts containing perils

  Correct Answer            False

 Select The Blank

  Question         The container leasing contract providees that the lessee has to pay ________if he retains the container beyond stipulated time

  Correct Answer            Liquidated damages

 Multiple Choice Multiple Answer

  Question         Translation , editorial work involves

  Correct Answer            Ammendments , Explanation , Compilation

 Multiple Choice Single Answer

  Question         The novelty of an invention is to be recognized from the angle of

  Correct Answer            Manner of manufacture

 Multiple Choice Multiple Answer

  Question         The shipping document consist of mainly

  Correct Answer            A clean bill of lading , Amarine insurance policy , The invoice

 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

 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

 Match The Following

Question           Correct Answer  Your Answer

India is a signatory and indeed a founder member          GATT

World Trade Organisation                                              Member India

Intellectual Property Rights Agreement (TRIPS)_ India,    a party

Duration of 20 years for patents                                     TRIPS agreemnt

 

 True/False

  Question         Where a cargo is a tender in such a manner as to put an ordinary careful insurer on inquriy and he fails to inquire a waiver may be assumed

  Correct Answer            True