Question 1

The law governing the acquisition of territory and the settlement of disputes among nations​ is public international law.

Accepted Answer

Public international law is the body of legal rules, norms, and standards that regulate the relations between states and international organizations as well as the conduct of states in their international relations. It includes rules and principles concerning the acquisition of territory and the settlement of disputes among nations.

Question 2

The United Nations Security Council,comprised of all its member nations,is the UN's lawmaking body.

Accepted Answer

The United Nations Security Council is not comprised of all member nations but rather consists of 15 members, 5 permanent and 10 non-permanent members elected for two-year terms. The UN's main lawmaking body is the General Assembly, where all member nations have representation.

Question 3

The fundamental principle of international law is the notion that each government has the absolute authority to rule its people and its territory.

Accepted Answer

The principle of sovereignty in international law holds that each state has the authority to govern itself without external interference.

Question 4

Which of the following organizations was responsible for putting forth the UN Convention for the International Sale of Goods (CISG)and the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (New York Convention)?

Accepted Answer

The UN Commission on International Trade Law (UNCITRAL) is the organization responsible for drafting the UN Convention for the International Sale of Goods (CISG) and the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (New York Convention). The World Bank, the International Monetary Fund, and the World Intellectual Property Organization are all separate organizations with different areas of focus.

Question 5

The International Chamber of Commerce (ICC)is the world's largest global business organization.

Accepted Answer

The statement is true. The ICC is the largest global business organization representing companies from all sectors in over 130 countries.

Question 6

How did it come about that China,France,Russia,the United Kingdom,and the United States are the five permanent members of the United Nations Security Council?

Accepted Answer

The five permanent members of the UN Security Council were the primary victors in World War II - China, France, Russia (then the Soviet Union), the United Kingdom, and the United States. They were granted permanent seats on the council and the ability to veto resolutions as a result of their victory and contributions to the war effort.

Question 7

If a foreign government hires an American consulting firm to help the country's textile industry improve production operations,the contract is commercial,and if the foreign government refuses to pay,the consulting firm may sue the government in American courts.

Accepted Answer

This is a valid commercial contract and the consulting firm can sue the foreign government in American courts if they refuse to pay.

Question 8

Incoterms rules are

Accepted Answer

Incoterms (International Commercial Terms) are a set of standardized three-letter trade terms used in international contracts for the sale of goods. They define the obligations, risks, and costs of the buyer and seller in the delivery of goods from one country to another. They do not relate to laws or trade agreements between countries.

Question 9

It is not a violation of U.S.law for a domestic company to import goods created by forced or indentured child labor if this type of "labor" is commonly allowed in that foreign country.

Accepted Answer

U.S. law, specifically the Tariff Act of 1930 as amended by the Trade Facilitation and Trade Enforcement Act of 2015, prohibits the importation of goods made, in whole or in part, by forced labor, including child labor, regardless of whether such labor is allowed in the country of origin.

Question 10

A contract involving the sale of goods from a Texas seller to a French wholesaler must always use the United Nations Convention on Contracts for the International Sale of Goods (CISG).

Accepted Answer

Although both Texas and France have adopted the CISG, it is not mandatory for parties to use it in their contract. Therefore, the choice of law governing the contract would depend on the agreement of the parties or the applicable law in the absence of such an agreement.

Question 11

International rules that have become binding through a pattern of consistent,longstanding behavior are referred to as customary international law.

Accepted Answer

Customary international law is based on the consistent practice of states and becomes legally binding over time even though there may not be a specific treaty or agreement in place.

Question 12

The World Bank's mission is to end poverty by encouraging development.It does so by lending money to poor countries on favorable terms.

Accepted Answer

This is the main mission statement of the World Bank. They aim to reduce and ultimately end poverty by supporting development in low-income countries through various means such as lending, grants, and technical assistance.

Question 13

Private international law sets out the basic rules of human rights and laws defining the treatment of refugees,prisoners of war,and international criminals.

Accepted Answer

Private international law primarily deals with legal disputes between individuals or companies that have a cross-border element, such as contract disputes, property rights, and commercial law. Human rights law and laws governing refugees, prisoners of war, and international criminals fall under public international law.

Question 14

Which statement about private international law is accurate?

Accepted Answer

Private international law deals with disputes that have a foreign element, such as cross-border business transactions, international contracts, and international family law. It applies to businesses and individuals who are involved in international commerce or have connections to multiple legal jurisdictions. Private international law does not cover relations among governments or international organizations (which fall under public international law), the law of war, or the basic rules of human rights.

Question 15

One of the reasons the International Court of Justice (ICJ)is so vital to the resolution of international business disputes is that all parties are bound by the ICJ's decisions.Because of this,the Court has vast enforcement power.

Accepted Answer

While the ICJ decisions are binding on the parties involved, the Court does not have direct enforcement power. It can only make recommendations and rely on member states to uphold and enforce its decisions.

Question 16

The Foreign Corrupt Practices Act prohibits bribery abroad.

Accepted Answer

The Foreign Corrupt Practices Act is a federal law in the United States that prohibits the bribery of foreign officials in order to obtain or retain business. Thus, the statement "The Foreign Corrupt Practices Act prohibits bribery abroad" is true.

Question 17

NAFTA is a trade agreement between the United States,Canada,and Mexico.

Accepted Answer

NAFTA stands for North American Free Trade Agreement, which is a trade agreement between the United States, Canada, and Mexico.

Question 18

When a dispute arises between different countries,the preferred method of resolution is to litigate the case through the foreign court system because it is less expensive and ​more private to do so.

Accepted Answer

The preferred method of resolution for a dispute between different countries is typically through diplomatic channels such as negotiations, mediation, or arbitration. Litigating the case through a foreign court system can be expensive and may result in public disclosure of sensitive information.

Question 19

Which of the following is the UN's lawmaking body?

Accepted Answer

The General Assembly is the UN's main deliberative body and is responsible for making recommendations on international issues, as well as electing members to other UN bodies. While the Security Council is also a significant body within the UN, it is not primarily responsible for making laws. The Secretariat serves as the administrative arm of the UN, and the International Court of Justice is responsible for settling legal disputes between states.

Question 20

Islamic law,the legal system influenced by the religion of Islam,is referred to as shari'a.

Accepted Answer

This statement is true. Shari'a is the term used to refer to Islamic law, which is based on the Quran and the teachings of the Prophet Muhammad. It covers a wide range of topics, including personal conduct, marriage and divorce, inheritance, business transactions, and criminal justice.

Quiz 3: International Law

The law governing the acquisition of territory and the settlement of disputes among nations is public international law.

The United Nations Security Council,comprised of all its member nations,is the UN's lawmaking body.

The fundamental principle of international law is the notion that each government has the absolute authority to rule its people and its territory.

Which of the following organizations was responsible for putting forth the UN Convention for the International Sale of Goods (CISG) and the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (New York Convention) ?

The International Chamber of Commerce (ICC)is the world's largest global business organization.

How did it come about that China,France,Russia,the United Kingdom,and the United States are the five permanent members of the United Nations Security Council?

If a foreign government hires an American consulting firm to help the country's textile industry improve production operations,the contract is commercial,and if the foreign government refuses to pay,the consulting firm may sue the government in American courts.

Incoterms rules are

It is not a violation of U.S.law for a domestic company to import goods created by forced or indentured child labor if this type of "labor" is commonly allowed in that foreign country.

A contract involving the sale of goods from a Texas seller to a French wholesaler must always use the United Nations Convention on Contracts for the International Sale of Goods (CISG).

International rules that have become binding through a pattern of consistent,longstanding behavior are referred to as customary international law.

The World Bank's mission is to end poverty by encouraging development.It does so by lending money to poor countries on favorable terms.

Private international law sets out the basic rules of human rights and laws defining the treatment of refugees,prisoners of war,and international criminals.

Which statement about private international law is accurate?

One of the reasons the International Court of Justice (ICJ)is so vital to the resolution of international business disputes is that all parties are bound by the ICJ's decisions.Because of this,the Court has vast enforcement power.

The Foreign Corrupt Practices Act prohibits bribery abroad.

NAFTA is a trade agreement between the United States,Canada,and Mexico.

When a dispute arises between different countries,the preferred method of resolution is to litigate the case through the foreign court system because it is less expensive and more private to do so.

Which of the following is the UN's lawmaking body?

Islamic law,the legal system influenced by the religion of Islam,is referred to as shari'a.

Quiz 3: International Law

The law governing the acquisition of territory and the settlement of disputes among nations​ is public international law.

The United Nations Security Council,comprised of all its member nations,is the UN's lawmaking body.

The fundamental principle of international law is the notion that each government has the absolute authority to rule its people and its territory.

Which of the following organizations was responsible for putting forth the UN Convention for the International Sale of Goods (CISG) and the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (New York Convention) ?

The International Chamber of Commerce (ICC)is the world's largest global business organization.

How did it come about that China,France,Russia,the United Kingdom,and the United States are the five permanent members of the United Nations Security Council?

If a foreign government hires an American consulting firm to help the country's textile industry improve production operations,the contract is commercial,and if the foreign government refuses to pay,the consulting firm may sue the government in American courts.

Incoterms rules are

It is not a violation of U.S.law for a domestic company to import goods created by forced or indentured child labor if this type of "labor" is commonly allowed in that foreign country.

A contract involving the sale of goods from a Texas seller to a French wholesaler must always use the United Nations Convention on Contracts for the International Sale of Goods (CISG).

International rules that have become binding through a pattern of consistent,longstanding behavior are referred to as customary international law.

The World Bank's mission is to end poverty by encouraging development.It does so by lending money to poor countries on favorable terms.

Private international law sets out the basic rules of human rights and laws defining the treatment of refugees,prisoners of war,and international criminals.

Which statement about private international law is accurate?

One of the reasons the International Court of Justice (ICJ)is so vital to the resolution of international business disputes is that all parties are bound by the ICJ's decisions.Because of this,the Court has vast enforcement power.

The Foreign Corrupt Practices Act prohibits bribery abroad.

NAFTA is a trade agreement between the United States,Canada,and Mexico.

When a dispute arises between different countries,the preferred method of resolution is to litigate the case through the foreign court system because it is less expensive and ​more private to do so.

Which of the following is the UN's lawmaking body?

Islamic law,the legal system influenced by the religion of Islam,is referred to as shari'a.

The law governing the acquisition of territory and the settlement of disputes among nations is public international law.

When a dispute arises between different countries,the preferred method of resolution is to litigate the case through the foreign court system because it is less expensive and more private to do so.