Transnational Commercial Law

Transnational Commercial Law

University

15 Qs

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Transnational Commercial Law

Transnational Commercial Law

Assessment

Quiz

English

University

Hard

Created by

Linguist Eccentric

Used 17+ times

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15 questions

Show all answers

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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