Reference no: EM133531748
Question
1. Most Common documents required for an international sales transaction are
Bill of lading or other transport documents
Incoterms
Commercial invoice which is the accounting document
Only a) and c) above
2. Which of the following is correct?
Civil law countries have a requirement that a contract be supported by consideration
The CISG is the least flexible as it demands several provisions for the terms of delivery in a valid offer
Under Common Law , reciprocal promises do not have to be equal in value
3. Under the principle of autonomy of credit , there is a risk that an importer may be obliged to pay in full under a letter of credit for unsatisfactory goods or services.
True
False
4. The commercialization of intellectual property is also known as
Intellectual transfer
Technology transfer
Technology Development
Intellectual commercialization
5. Under the renegotiated NAFTA (CUSMA) the basic term of copyright protection in Canada is now
Life of the creator plus 50 years
Life of the creator plus 100 years
the basic term of copyright protection has been removed
6. Which is not correct as one of the five main sections that a licensing arrangement would typically have included in the licensing agreement?
Defined terms
Recitals
Grant
Use restriction
7. Enforcement of foreign judgements is not automatic. However, Canadian courts are increasingly prepared to enforce judgements by US and other respected courts, provided certain conditions are met. These conditions do not include when...
There was proper subject matter jurisdiction over the Canadian parties.
The judgement is not fraudulent or contrary to public policy or natural justice
There is a real substantial connection between the deciding court and the action
The judgement is in a foreign language
8. Which is NOT correct in the courts' considerations in determining the proper law of contract when no choice of law has been previously identified?
The place the contract was made
The place of the business of the parties
The place the contract is performed
The nationalities of the parties involved