Transnational Commercial Law
Quiz
•
English
•
University
•
Hard
Linguist Eccentric
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15 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
arbitration clause -
binding international treaty provisions
recognizable pattern of previous conduct between the parties of a more recent transaction from which a dispute has arisen
contract clause providing that any dispute arising under the contract will be submitted to arbitration, in the place and according to the laws and rules specified in the clause
the principle under which countries recognize and enforce each other's legal decrees
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
comity -
a sovereign state which a member of a confederation of other such states, such as the European Union or the United Nations
similar to mediation, in which an impartial third party helps the parties to a dispute to resolve their problem, but which unlike arbitration does not lead to a decision to which the parties are bound
form of dispute resolution (an alternative to litigation through the court system in which disputes are heard and decided by an impartial arbitrator or arbitrators, chosen by the parties to the dispute
the principle under which countries recognize and enforce each other's legal decrees
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Conciliation -
similar to mediation, in which an impartial third party helps the parties to a dispute to resolve their problem, but which unlike arbitration does not lead to a decision to which the parties are bound
a sovereign state which is a member of a confederation of other such states, such as the European Union or the United Nations
a court of law or judicial tribunal where disputes are heard and decided
co-operation between governments and organizations to make laws more uniform and coherent
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Course of dealing -
beyond national boundaries, at a level above national governments
body of legal principles that govern business transactions deriving from the established customs of merchants
the many interpretative and non-binding statements, for example by treaty monitoring bodies, that can contribute to an understanding and greater compliance of the law
recognizable pattern of previous conduct between the parties of a more recent transaction from which a dispute has arisen
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
forum
a court of law or judicial tribunal where disputes are heard and decided
non-profit and/or voluntary organization that is not part of government
the power, right or authority to interpret and apply the law
norms drafted by authoritative bodies, e.g. UNCITRAL, to create a standard, which may be adopted by various jurisdictions, to govern a particular area of the law, e.g. transport of goods
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
hard norms
the principle under which countries recognize and enforce each other's legal decrees
contract clause providing that any dispute arising under the contract will be submitted to arbitration, in the place and according to the laws and rules specified in the clause
binding international treaty provisions
recognizable pattern of previous conduct between the parties of a more recent transaction from which a dispute has arisen
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
harmonisation
norms drafted by authoritative bodies, e.g. UNCITRAL, to create a standard, which may be adopted by various jurisdictions, to govern a particular area of the law, e.g. transport of goods
body of legal principles that govern business transactions deriving from the established customs of merchants
the many interpretative and non-binding statements, for example by treaty monitoring bodies, that can contribute to an understanding and greater compliance of the law
co-operation between governments and organizations to make laws more uniform and coherent
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