Question 1

International rules that have become binding through a pattern of consistent, longstanding behavior are referred to as customary international law.

Accepted Answer

Customary international law refers to rules that have evolved from consistent and long-term state practice, which are then recognized as legally binding by the international community.

Question 2

The International Chamber of Commerce (ICC) is the world's largest global business organization.

Accepted Answer

The International Chamber of Commerce (ICC) is indeed the world's largest global business organization, with members from over 130 countries representing businesses of all sizes and industries.

Question 3

When a dispute arises between different countries, the preferred method of resolution is to litigate the case through the foreign court system because it is less expensive and ​more private to do so.

Accepted Answer

Litigating a case through the foreign court system can be a lengthy and expensive process, as well as potentially subjecting the parties to unfamiliar laws and biased judges. Alternative methods of dispute resolution, such as arbitration and mediation, are often preferred in cross-border disputes.

Question 4

The World Bank's mission is to end poverty by encouraging development. It does so by lending money to poor countries on favorable terms.

Accepted Answer

The statement accurately describes the mission and approach of the World Bank.

Question 5

Which of the following is the UN's lawmaking body?

Accepted Answer

The General Assembly is the UN's main deliberative body and is responsible for making recommendations on international issues, including the adoption of resolutions and the creation of international conventions. It is made up of representatives from all 193 member states and meets once a year in a regular session.

Question 6

How did it come about that China, France, Russia, the United Kingdom, and the United States are the five permanent members of the United Nations Security Council?

Accepted Answer

The five permanent members of the UN Security Council were chosen because they were the primary victors in World War II. This gave them significant political and economic power, along with military strength, which made them ideal candidates for permanent membership on the Security Council. The UN was established in the aftermath of World War II to promote peace and prevent future conflicts, and the five permanent members were crucial to this mission due to their significant influence and power on the global stage.

Question 7

One of the reasons the International Court of Justice (ICJ) is so vital to the resolution of international business disputes is that all parties are bound by the ICJ's decisions. Because of this, the Court has vast enforcement power.

Accepted Answer

While the ICJ decisions can be influential in resolving disputes, it does not have direct enforcement power. Its decisions rely on the compliance of states and other parties involved.

Question 8

It is not a violation of U.S. law for a domestic company to import goods created by forced or indentured child labor if this type of "labor" is commonly allowed in that foreign country.

Accepted Answer

U.S. law, specifically the Tariff Act of 1930 as amended by the Trade Facilitation and Trade Enforcement Act of 2015, prohibits the importation of goods made, in whole or in part, by forced labor, including child labor, regardless of whether such labor is allowed in the country of origin.

Question 9

NAFTA is a trade agreement between the United States, Canada, and Mexico.

Accepted Answer

NAFTA stands for North American Free Trade Agreement, and it is a trade agreement among the three countries mentioned above.

Question 10

Private international law sets out the basic rules of human rights and laws defining the treatment of refugees, prisoners of war, and international criminals.

Accepted Answer

Private international law primarily deals with cross-border transactions, disputes, and litigation between private individuals or entities. It does not specifically address human rights or laws related to refugees, prisoners of war, and international criminals, which fall under public international law.

Question 11

If a foreign government hires an American consulting firm to help the country's textile industry improve production operations, the contract is commercial, and if the foreign government refuses to pay, the consulting firm may sue the government in American courts.

Accepted Answer

If the contract is commercial, the consulting firm can sue the foreign government in American courts to recover payment.

Question 12

A contract involving the sale of goods from a Texas seller to a French wholesaler must always use the United Nations Convention on Contracts for the International Sale of Goods (CISG).

Accepted Answer

The United Nations Convention on Contracts for the International Sale of Goods (CISG) applies to international sales contracts if both countries are signatories to the CISG or if the parties choose to apply it to their contract. However, parties can opt out and choose to apply different laws.

Question 13

Which of the following organizations was responsible for putting forth the UN Convention for the International Sale of Goods (CISG) and the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (New York Convention)?

Accepted Answer

The UN Commission on International Trade Law (UNCITRAL) is responsible for putting forth both the UN Convention for the International Sale of Goods (CISG) and the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (New York Convention).

Question 14

Which statement about private international law is accurate?

Accepted Answer

Private international law, also known as conflict of laws, governs relationships between individuals and businesses across different legal jurisdictions. It deals with issues such as jurisdiction for legal disputes, recognition and enforcement of foreign judgments and choice of law in contracts. Private international law does not include the law of war or set out the basic rules of human rights.

Question 15

The United Nations Security Council, comprised of all its member nations, is the UN's lawmaking body.

Accepted Answer

The United Nations Security Council is not comprised of all member nations but rather has 15 members, including 5 permanent members. The UN's lawmaking body is the General Assembly, where all member nations are represented.

Question 16

The law governing the acquisition of territory and the settlement of disputes among nations​ is public international law.

Accepted Answer

Public international law is the set of rules, norms, and standards that regulate the relations between states and other international actors. It governs the acquisition of territory, settlement of disputes, and other aspects of statehood and international relations.

Question 17

Incoterms rules are

Accepted Answer

Incoterms rules are a series of three-letter codes used in international contracts for the sales of goods, which help define the responsibilities of buyers and sellers in the shipping process, including who is responsible for shipping costs and insurance.

Question 18

The Foreign Corrupt Practices Act prohibits bribery abroad.

Accepted Answer

The Foreign Corrupt Practices Act (FCPA) prohibits bribery of foreign officials to obtain or retain business. It also requires companies that are publicly traded in the United States to maintain accurate books and records and have adequate internal controls to prevent and detect bribery.

Question 19

Islamic law, the legal system influenced by the religion of Islam, is referred to as shari'a.

Accepted Answer

Islamic law is indeed referred to as shari'a.

Question 20

The fundamental principle of international law is the notion that each government has the absolute authority to rule its people and its territory.

Accepted Answer

This principle is known as sovereignty, which is a core concept in international law that recognizes the full right and power of a governing body to govern itself without any interference from outside sources or bodies.

Quiz 3: International Law

International rules that have become binding through a pattern of consistent, longstanding behavior are referred to as customary international law.

The International Chamber of Commerce (ICC) is the world's largest global business organization.

When a dispute arises between different countries, the preferred method of resolution is to litigate the case through the foreign court system because it is less expensive and more private to do so.

The World Bank's mission is to end poverty by encouraging development. It does so by lending money to poor countries on favorable terms.

Which of the following is the UN's lawmaking body?

How did it come about that China, France, Russia, the United Kingdom, and the United States are the five permanent members of the United Nations Security Council?

One of the reasons the International Court of Justice (ICJ) is so vital to the resolution of international business disputes is that all parties are bound by the ICJ's decisions. Because of this, the Court has vast enforcement power.

It is not a violation of U.S. law for a domestic company to import goods created by forced or indentured child labor if this type of "labor" is commonly allowed in that foreign country.

NAFTA is a trade agreement between the United States, Canada, and Mexico.

Private international law sets out the basic rules of human rights and laws defining the treatment of refugees, prisoners of war, and international criminals.

If a foreign government hires an American consulting firm to help the country's textile industry improve production operations, the contract is commercial, and if the foreign government refuses to pay, the consulting firm may sue the government in American courts.

A contract involving the sale of goods from a Texas seller to a French wholesaler must always use the United Nations Convention on Contracts for the International Sale of Goods (CISG).

Which of the following organizations was responsible for putting forth the UN Convention for the International Sale of Goods (CISG) and the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (New York Convention) ?

Which statement about private international law is accurate?

The United Nations Security Council, comprised of all its member nations, is the UN's lawmaking body.

The law governing the acquisition of territory and the settlement of disputes among nations is public international law.

Incoterms rules are

The Foreign Corrupt Practices Act prohibits bribery abroad.

Islamic law, the legal system influenced by the religion of Islam, is referred to as shari'a.

The fundamental principle of international law is the notion that each government has the absolute authority to rule its people and its territory.

Quiz 3: International Law

International rules that have become binding through a pattern of consistent, longstanding behavior are referred to as customary international law.

The International Chamber of Commerce (ICC) is the world's largest global business organization.

When a dispute arises between different countries, the preferred method of resolution is to litigate the case through the foreign court system because it is less expensive and ​more private to do so.

The World Bank's mission is to end poverty by encouraging development. It does so by lending money to poor countries on favorable terms.

Which of the following is the UN's lawmaking body?

How did it come about that China, France, Russia, the United Kingdom, and the United States are the five permanent members of the United Nations Security Council?

One of the reasons the International Court of Justice (ICJ) is so vital to the resolution of international business disputes is that all parties are bound by the ICJ's decisions. Because of this, the Court has vast enforcement power.

It is not a violation of U.S. law for a domestic company to import goods created by forced or indentured child labor if this type of "labor" is commonly allowed in that foreign country.

NAFTA is a trade agreement between the United States, Canada, and Mexico.

Private international law sets out the basic rules of human rights and laws defining the treatment of refugees, prisoners of war, and international criminals.

If a foreign government hires an American consulting firm to help the country's textile industry improve production operations, the contract is commercial, and if the foreign government refuses to pay, the consulting firm may sue the government in American courts.

A contract involving the sale of goods from a Texas seller to a French wholesaler must always use the United Nations Convention on Contracts for the International Sale of Goods (CISG).

Which of the following organizations was responsible for putting forth the UN Convention for the International Sale of Goods (CISG) and the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (New York Convention) ?

Which statement about private international law is accurate?

The United Nations Security Council, comprised of all its member nations, is the UN's lawmaking body.

The law governing the acquisition of territory and the settlement of disputes among nations​ is public international law.

Incoterms rules are

The Foreign Corrupt Practices Act prohibits bribery abroad.

Islamic law, the legal system influenced by the religion of Islam, is referred to as shari'a.

The fundamental principle of international law is the notion that each government has the absolute authority to rule its people and its territory.

When a dispute arises between different countries, the preferred method of resolution is to litigate the case through the foreign court system because it is less expensive and more private to do so.

The law governing the acquisition of territory and the settlement of disputes among nations is public international law.