Freight Forwarding week #3 Day #1

The body of laws and international agreements that govern the relationship and contracts between international parties is called?

• breach of contract

• lex mercatoria

• vienna convention

• choice laws

What is the second step in the formation of a contract?

• Offer

• Acceptance

• Ratification

• All of the above

In the event that one party to a contract does not meet their obligations, it is called?

• Termination

• Just Cause

• Breach of Contract

• Convenience

• All of the above

The language in which a contract is written is called what?

• acceptance

• offer

• contract language

• breach of contract

The first step in the formation of a contract is what?

• Acceptance

• Contract Language

• Offer

• None of the above

The assumption that both parties entering into an agreement do not have ulterior, or undisclosed motives is what?

• choice law

• good faith

• rejection

• ratification

When and agent or distributor notifies the exporting country's government that it its entering into a distribution agreement with an exporter is called?

• Choice of Law

• Choice of Forum

• Registration

• Offer

The set of federal laws that govern commercial contracts in the United States is what?

• uniform commercial code

• choice of laws

• vienna convention

• common law

A process by which parties to a contract have to settle a dispute in a court of law is called?

• arbitration

• litigation

• mediation

• act of god

The first step in the acceptance of a treaty by a state is?

• Offer

• Simple Signatory

• Full Signatory

• Ratification

• None of the above