International Trade Law Test B and answers(2007)

International Trade Law Test B and answers(2007)

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2006—2007 0 International Trade Law0 B0 0 0 0 0 0 0 0 0 0 0 0 0 0 I. Translation (20%) 12 22 2 32 2 42 2 5 62 2 7 R 82 9 10 112 customary law 122 sovereign immunity 132 commercial invoice 142 legitimate 152 tribunal 162 multilateral trade negotiation 172 country of origin 182 breach of contract 192 suspension of performance 202 International Center for the Settlement of Investment Disputes II. Choose definitions (20%) 12 particular average 22 private international law 32 estoppel 42 glossator 52 personal jurisdiction 62 waive 72 customs union 82 dumping 92 consensus 102 direct effect 112 tariffs 122 preempt 132 offer 142 withdrawal 152 freight forwarder 162 account party 172 protest 182 assignment 192 trade acceptance 202 bill of lading 1
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A. Cancellation by the offeree of an acceptance. . B. The transfer of all or part of an assignor’s contractual rights to an assignee. C. Formal certification that a negotiable instrument was dishonored by a party liable for its payment. D. The person who requests a bank or some other person to issue a letter of credit. E. A proposal by one person to another indicating an intention to enter into a contract under specified terms. F. That division of international law that deals primarily with the rights and duties of states and intergovernmental organizationa as between themselves. G. A bill of exchange on which the drawer and the payee are the same person. H. To take precedence over. I. A instrument issued by a warehouseman or carrier to a shipper that serves as a receipt for goods shipped, as evidence of the contract of carriage, and as a document of title for the goods. J. Governmental charges imposed on goods at the time they are imported into a state. . K. A loss to a ship or its cargo that is not to be shared in by contributions from all those interested,but is to be borne by the owner of the injured thing. L. Legal rule that one cannot make an allegation or denial of fact that is contrary to one’s previous actions or words. M. A firm that makes or assists in the making of shipping arrangements. N. A group of states that have reduced or eliminated tariffs between themselves and have also established a common external tariff. O. One who makes a textual gloss or glossary. P. The making of a decision by general agreement and in the absence of any voiced objection. Q. The principle whereby a treaty may be invoked by a private person to challenge the actions of a state that is a party to the treaty. R. Selling exported goods at prices below their normal value. S. The requirement that a tribunal must have power over the parties before it may hear a dispute. T. To voluntarily give up a legal right. III. True or False (20%) 12 The Multilateral Trade Negotiations (or GATT 1947 “rounds”) were, from the outset, devoted to non-tariff matters and the drafting of non-tariff codes. 22 Unlike the proposed International Trade Organization’s Havana Charter, the WTO
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This note was uploaded on 05/27/2011 for the course BUSINESS 401 taught by Professor Dr.rams during the Spring '11 term at Kentucky State University.

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International Trade Law Test B and answers(2007)

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