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WorksheetsFreight Forwarding week #3 Day #1
Total questions: 24
Worksheet time: 14mins
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
The process by which a state fully accepts to be bound by international treaty and must be voted on by congress is?
(a)
An intermediary step in the formation of a contract the partys offer is made to reject is?
blockade
rejection
acceptance
breach of contract
An intellectual property item that refers to a brand, commercial name or slogan is a what?
(a)
An intellectual property item that refers to music, art or written design is called?
trademark
copyright
patent
mediation
An intellectual property item that refers to a process, material or design is called?
(a)
The acceptance of a treaty by a state that agrees without further ratification is called a?
offer
full signatory
simple signatory
counter offer
The national laws that govern the terms of the contract are called?
Choice of Forum
Full Signatory
Choice of Law
None of the above
A term that defines a large scale disaster is called?
Force Majeure
Act of God
Natural Disaster
None of the above
A promise by both parties to a contract to not disclose what they have learned about each others business is?
Breach of Contract
Confidentiality
Choice of venue
None of the above
A geographical area in which the distributor is restricted/expected to sale is called?
Area
territory
Choice of Venue
All of the above
The set of federal laws that govern commercial contracts in the United States is _________ ____________________________________.
Uniform Commercial Conference
Uniform Conference Code
Uniform Commercial Code
Uniform Continental Code
The assumption that both parties entering into an agreement do not have ulterior, undisclosed motives is called _______________________.
Good Samaritan
Good Fellow
Good Faith
Just Cause
The products, territory and customers to the contract is referred to in a contract as the _____ ________________________.
Scope of Work
Scope of Law
Terms of Law
Terms of Trade
None of the above
An agent or distributor that has been granted the right to be the sole representative of the exporter is ___________________________.
Inclusive Representative
Omni-exclusive Representative
Reclusive Representative
None of the above
Exclusive Representative
