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Freight Forwarding week #3 Day #1

Total questions: 24

Worksheet time: 14mins

Name
Class
Date
1.

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

a)

breach of contract

b)

lex mercatoria

c)

vienna convention

d)

choice laws

2.

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

a)

Offer

b)

Acceptance

c)

Ratification

d)

All of the above

3.

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

a)

Termination

b)

Just Cause

c)

Breach of Contract

d)

Convenience

e)

All of the above

4.

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

a)

acceptance

b)

offer

c)

contract language

d)

breach of contract

5.

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

a)

Acceptance

b)

Contract Language

c)

Offer

d)

None of the above

6.

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

a)

choice law

b)

good faith

c)

rejection

d)

ratification

7.

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

a)

Choice of Law

b)

Choice of Forum

c)

Registration

d)

Offer

8.

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

a)

uniform commercial code

b)

choice of laws

c)

vienna convention

d)

common law

9.

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

a)

arbitration

b)

litigation

c)

mediation

d)

act of god

10.

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

a)

Offer

b)

Simple Signatory

c)

Full Signatory

d)

Ratification

e)

None of the above

11.

The process by which a state fully accepts to be bound by international treaty and must be voted on by congress is?

(a)  

12.

An intermediary step in the formation of a contract the partys offer is made to reject is?

a)

blockade

b)

rejection

c)

acceptance

d)

breach of contract

13.

An intellectual property item that refers to a brand, commercial name or slogan is a what?

(a)  

14.

An intellectual property item that refers to music, art or written design is called?

a)

trademark

b)

copyright

c)

patent

d)

mediation

15.

An intellectual property item that refers to a process, material or design is called?

(a)  

16.

The acceptance of a treaty by a state that agrees without further ratification is called a?

a)

offer

b)

full signatory

c)

simple signatory

d)

counter offer

17.

The national laws that govern the terms of the contract are called?

a)

Choice of Forum

b)

Full Signatory

c)

Choice of Law

d)

None of the above

18.

A term that defines a large scale disaster is called?

a)

Force Majeure

b)

Act of God

c)

Natural Disaster

d)

None of the above

19.

A promise by both parties to a contract to not disclose what they have learned about each others business is?

a)

Breach of Contract

b)

Confidentiality

c)

Choice of venue

d)

None of the above

20.

A geographical area in which the distributor is restricted/expected to sale is called?

a)

Area

b)

territory

c)

Choice of Venue

d)

All of the above

21.

The set of federal laws that govern commercial contracts in the United States is _________ ____________________________________.

a)

Uniform Commercial Conference

b)

Uniform Conference Code

c)

Uniform Commercial Code

d)

Uniform Continental Code

22.

The assumption that both parties entering into an agreement do not have ulterior, undisclosed motives is called _______________________.

a)

Good Samaritan

b)

Good Fellow

c)

Good Faith

d)

Just Cause

23.

The products, territory and customers to the contract is referred to in a contract as the _____ ________________________.

a)

Scope of Work

b)

Scope of Law

c)

Terms of Law

d)

Terms of Trade

e)

None of the above

24.

An agent or distributor that has been granted the right to be the sole representative of the exporter is ___________________________.

a)

Inclusive Representative

b)

Omni-exclusive Representative

c)

Reclusive Representative

d)

None of the above

e)

Exclusive Representative