Friday, August 2, 2013

International Commercial Law - 8

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

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