International Commercial Law - 9

This solved paper has been contributed by Raul Castro

THANKS TO : Raul Castro
-------------------------------------------------------------------------------- 

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 

International Commercial Law - 8

This solved paper has been contributed by Raul Castro

THANKS TO : Raul Castro
-------------------------------------------------------------------------------- 

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

International Commercial Law - 7

This solved paper has been contributed by Raul Castro

THANKS TO : Raul Castro
-------------------------------------------------------------------------------- 

 LIST OF ATTEMPTED QUESTIONS AND ANSWERS
   
 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

Multiple Choice Single Answer
Question   The court of Arbitration does not itself disputes but if the parties have not agreed on the arbitrator (s) , the court appoints

Correct Answer   An arbitrator

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

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

Correct Answer   Letter of credit

Multiple Choice Single Answer
Question   The ICC Court of Arbitration is not a governmental institution but is created by the

Correct Answer   International Chamber of Commerce

 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   If the parties have arranged a payment at sight credit, the advising bank is instructed to arrange for the payment
Correct Answer   to the seller, due on presentation of their documents

Multiple Choice Single Answer
Question   To avoid anything in the nature of set off or counter claim, a letter of credit is given by a
Correct Answer   Bank to the seller


True/False
Question   Arbitration is the most convenient machinery to settle the dispute.

Correct Answer   True

Multiple Choice Single Answer
Question   For sea transport the international convention is

Correct Answer   the Hague - Vishy rules relating to bill of lading

Multiple Choice Multiple Answer
Question   The London court of Inernational Arbitration is a tripartite organization sponsored by the
Correct Answer   Chartered Insitute of Arbitration , London Chamber of Commerce , The city of London Corporation

Select The Blank
Question   The ICC Court of arbitration its seat at the headquarters of the ICC in________

Correct Answer   Paris
  Your Answer   Paris
 
 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 Single Answer
  Question   The Hague - Visby Ruleshold the carrier liable if he acts

  Correct Answer   Negligently

 True/False
  Question   The frustration occures whenever the Law recognizes that with default of either party a contractual obligation has become incapable of being performed

  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

Multiple Choice Multiple Answer
  Question   Where payment under a letter of credit is arranged, the stages can normally be distinguished

  Correct Answer   The exporter and the overseas buyer agree in the contract of sale that payment shall be made under a letter of credit , The overseas buyer instructs a bank at his place of business to open a letter of credit , The advising bank informs the exporter that it will negotiate, his draft upon delivery of the transport document


 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

 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 Multiple Answer
  Question   The correct dating of the bill of lading is a important matter. It is material in three legal relationships

  Correct Answer   In the content of carriage , In the contract of sale , In relation to the banks under a letter of credit

 Multiple Choice Single Answer
  Question   Land transport (Road), the international convention is

  Correct Answer   the CMR

True/False
  Question   In the case of a confirmed credit, the engagement of the advising bank to the beneficiary is not stated in the letter of advise.
  Correct Answer   False

 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

 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

 True/False
  Question   In practice revocable credits are not widely used and irrevocable credits are in frequent use.

  Correct Answer   True

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

  Correct Answer   Unenforceable by Law

 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   The words copyright derives from the expression

  Correct Answer   Copy or words

 Match The Following
Question                             Correct Answer
World Trade Organisation                     Member India
Intellectual Property Rights Agreement (TRIPS)_         India, a party
Duration of 20 years for patents                     TRIPS agreemnt
India is a signatory and indeed a founder member         GATT
 
 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

 Multiple Choice Multiple Answer
  Question   Dramatic work includes

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

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

  Correct Answer   False

 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

 True/False
  Question   The open cover may be limited in time while the floating policy is normally limited to twelve months

  Correct Answer   True

 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 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   The major alterations proposed by the Hamburg Rules are

  Correct Answer   Increased maximum limits of liability of the carrier , Exclusion of the carrier's liability in case of error in nevigation, abolished , Application of the rules to transport documents

 Multiple Choice Multiple Answer
  Question   Following are not registerable under the Emblems and Names (Prevention of improper use ) Act, 1950.

  Correct Answer   Mahatma Gandhi , Pandit Nehru , Shivaji Maharaj

 Multiple Choice Multiple Answer
  Question   Industrial design may be defined as

  Correct Answer   Features of shape , configuration , Patter and ornament

 Multiple Choice Multiple Answer
  Question   Classification of contracts by it's validity are

  Correct Answer   Voidable contract , Illegal contract , Unenforceable contract

 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

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

  Correct Answer   Manner of manufacture

 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