Sunday, December 26, 2010

International Commercial Law - 10

This solved paper has been contributed by Raul Castro

THANKS TO : Raul Castro
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LIST OF ATTEMPTED QUESTIONS AND ANSWERS
                 
 Multiple Choice Multiple Answer
  Question              The Indian Court have summed up the following ingredients or elements to settle the questions of similarity of two marks.
  Correct Answer                  Overall construction , Phonetic Similarity , The overall similarity
                 
 Multiple Choice Single Answer
  Question              Legal status of protection of trade mark can be acquired either by
  Correct Answer                  Prolonged use of trade mark by registration
                 
 Multiple Choice Multiple Answer
  Question              Classification of contracts by it's validity are
  Correct Answer                  Voidable contract , Illegal contract , Unenforceable contract
                 
 Multiple Choice Single Answer
  Question              The very purpose of a mark is to
  Correct Answer                  Distinguish the goods of service from another
                 
 True/False
  Question              Once registered with WIPO, a Trade Mark is protected in each member country
  Correct Answer                  True
                 
 Multiple Choice Single Answer
  Question              A contract in which the parties agree that a false invoice be isued is
  Correct Answer                  Unenforceable by Law
                 
 Select The Blank
  Question              In legal phraseology there is no privity of ________ between customer and manufacturer
  Correct Answer                  Contract
                 
 True/False
  Question              The frustration occures whenever the Law recognizes that with default of either party a contractual obligation has become incapable of being performed
  Correct Answer                  True
                 
 True/False
  Question              If certain occures which are beyond their control such clauses are known as force Majeure Clauss
  Correct Answer                  True
                 
 True/False
  Question              Once there is non disclouser, be it fraudulent negligient or innocent, the aggrieved paryt is entitled to elect whether he would avoid or affirm the contract
  Correct Answer                  True
                 
 Multiple Choice Single Answer
  Question              The legal principle that the Bank is entitled ro reject documents which do not strictly confirm with the terms of the credit is the
  Correct Answer                  Doctrine of strict compliance
                 
 True/False
  Question              Invented words, coined words, fancy words are all synonymous terms.
  Correct Answer                  True
                 
 Multiple Choice Single Answer
  Question              The most frequent method of payment for goods is the export trade is
  Correct Answer                  Letter of credit
                 
 Multiple Choice Single Answer
  Question              The customer and manufacture has no
  Correct Answer                  Privity of Contract
                 
 Multiple Choice Multiple Answer
  Question              NewZealan prohibits and restricts certain types of paking like
  Correct Answer                  The use of hay , The use of chaff , The use of rice husk
  Your Answer       The use of hay , The use of chaff , The use of rice husk
                 
 Multiple Choice Single Answer
  Question              In a contrat between A, B Of Bombay and Banglore respectively it may be provided that all dispute between them should be decided by a court in Bombay. Therefore in case B files a suit in Banglore, A may Sucessfully objected to the
  Correct Answer                  Juridication of courts in Banglore
                 
 Select The Blank
  Question              The invoice ________is to be stated as the terms of the contract
  Correct Answer                  Price

                 
 True/False
  Question              The buyer is entitled to refuse the acceptance of the goods if they are packed in accordance of his instructions
  Correct Answer                  False
                 
 Select The Blank
  Question              In some cases, the transaction may not involve a sale. The product may have been ________ or loaned by the owner
  Correct Answer                  Leased
                 
 Multiple Choice Multiple Answer
  Question              The following may not be treated as invented words.
  Correct Answer                  Misspelling , Compounding of existing descriptive word , Words framed by mere addition of adjective prefixes or suffixes
                 
 Match The Following
Question                Correct Answer    Your Answer

The most important institution for the arbitral settlement of International trade disputes   The ICC court      The ICC court

The administrative and financial regulations                ICSID    ICSID

European Arbitration          Sponsored by the UN economic commission                Sponsored by the UN economic commission

The London court of International arbitration              Sponsored by Chartered Insitute of Arbitration            Sponsored by Chartered Insitute of Arbitration

                 
 True/False
  Question              Purchasers cannot try out drugs to determine whether they kill or cure
  Correct Answer                  True
                 
 Multiple Choice Single Answer
  Question              The single most important document in International Trade and forms the very basis of a large volume in international trade is
  Correct Answer                  L/C
                 
 Match The Following
Question                Correct Answer    Your Answer

Application for Registration of Trademarks  office of Trademark Registry           Procedure for registration of trade mark

Purpose of mark  Distinguish the goods of one trader from those of another         Distinguish the goods of one trader from those of another

Application for registration under the Trademark Act, 1999      Trademark            Single application

Registration of Trademarks              Single application                office of Trademark Registry

                 
 Multiple Choice Multiple Answer
  Question              In stand by letters of credit, the bank may also be instructed to authorise another bank against the stipulated documents to
  Correct Answer                  Pay bills of exchange , Accept bills of exchange , Negotiate bills of exchange
                 
 Multiple Choice Single Answer
  Question              The law relating to letters of credit is founded on the principle of
  Correct Answer                  The doctrine of strict performance
                 
 Select The Blank
  Question              A ' would be patentee may endanger his own chances by any sort of publicity ________ registration of a patent
  Correct Answer                  Before

                 
 Multiple Choice Multiple Answer
  Question              The shipping document consist of mainly
  Correct Answer                  A clean bill of lading , Amarine insurance policy , The invoice
                 
 Select The Blank
  Question              The________ expoter has no locas standi under GATT
  Correct Answer                  Individual
                 
 Multiple Choice Multiple Answer
  Question              Following word marks other than surnames are registerable. They are
  Correct Answer                  Personal names , Geographical names , Names of sect
                 
 Multiple Choice Single Answer
  Question              The law of product safety is
  Correct Answer                  Regulatory law
                 
 Select The Blank
  Question              The marine insurance covers all riskof loss or damage to the subject - matter insured except ________clauses
  Correct Answer                  Exclusion clauses
                 
 Select The Blank
  Question              The rights of the copyright ________ may be roughly classified into reproduction rights and performing rights.
  Correct Answer                  owner
                 
 Multiple Choice Multiple Answer
  Question              The following attracts copyright once the choice and arrangement of source material is more than mimimal,I.e a piece of
  Correct Answer                  Historical writing , A new report , A selection of poetry
                 
 Multiple Choice Single Answer
  Question              Arbitration under the Rules of ICC is open to
  Correct Answer                  Members and non members
                 
 Select The Blank
  Question              The impact of appeal to the consumers has been the________of the sales
  Correct Answer                  Black bone
                 
 True/False
  Question              The open cover may be limited in time while the floating policy is normally limited to twelve months
  Correct Answer                  True
                 
 Select The Blank
  Question              The unpaid seller has also a ________ interest in them untill the buyer is deemed to have accepted the goods
  Correct Answer                  Defensible
                 
 Multiple Choice Multiple Answer
  Question              Dramatic work includes
  Correct Answer                  work of dance and mine , the scenario for a film , the script for a film
                 
 Select The Blank
  Question              The ICC Court of arbitration its seat at the headquarters of the ICC in________
  Correct Answer                  Paris
                 
 Select The Blank
  Question              An issue of bill of lading who deliberately backdates it in order to bring it within the shipment time in the credit, acts ________
  Correct Answer                  frandulently
                 
 Select The Blank
  Question              The ________ of the product concept is the first and in many ways most important safety functions of manufacturers.
  Correct Answer                  Formulation
                 
 Multiple Choice Single Answer
  Question              The marine insurance policy or the marine insurance certificate forms a part of the
  Correct Answer                  Shipping Document
                 
 Multiple Choice Single Answer
  Question              The rights which enable the proprietory of the trade mark to the exclusive use of that trade mark in relation to the goods for which it is registered is
  Correct Answer                  Statutory rights
                 
 Multiple Choice Single Answer
  Question              The trading Invoice should state the
  Correct Answer                  Name and addresses of seller and buyer
                 
 True/False
  Question              Product liability and product safety are the phrases used to describe the law concerning product-related accidents and illness
  Correct Answer                  True
                 
 True/False
  Question              In the case of joint authorship, the term of copyright is in relation to the author who dies first
  Correct Answer                  False




                                 
 Multiple Choice Single Answer
  Question              If the carriage of goods by sea are carried in bulk, e.g. coal, oil, grain, the shipper may hise a whole vessel i.e.
  Correct Answer                  charter party
                 
 Multiple Choice Multiple Answer
  Question              A retardation is the machinary to settle the dispute in most
  Correct Answer                  Convient manner , Speedist manner , cheaper manner
                 
 Select The Blank
  Question              The expression stale bill of lading is used in ________ practice
  Correct Answer                  banking
                 
 True/False
  Question              In the case of a confirmed credit, the engagement of the advising bank to the beneficiary is not stated in the letter of advise.
  Correct Answer                  False
                 
 True/False
  Question              In practice revocable credits are not widely used and irrevocable credits are in frequent use.
  Correct Answer                  True
                 
 Select The Blank
  Question              Broadcasting is considered to be ________ by wireless telegraphy capable of being lawfully received by members of pubilc.
  Correct Answer                  transmission
                 
 Match The Following
Question                Correct Answer    Your Answer

Legalprotection of computer software            Trade secreat system          Computer work
Expressionof thought         Original work        Original work
Not entitled for copyright protection               A mere idea          A mere idea
Novels, drama, poetry        Literary work        Literary work

                 
 Select The Blank
  Question              An implied contract is one which is inferred from the ________ of the parties.
  Correct Answer                  Conduct
                 
 True/False
  Question              A patentee or his licensee is not granted exclusive right to exploit the invention
  Correct Answer                  False
                 
 Multiple Choice Single Answer
  Question              The cost of marine insurance shall be borne by the seller or by the buyer normally provided by the
  Correct Answer                  Terms of the contract of sale
                 
 Select The Blank
  Question              The assured can insure a consignment of goods from Pune to Birmingham provided these place are________in the marine policy as the commencement and destination of the transit
  Correct Answer                  Named
                 
 True/False
  Question              Arbitration has a contract and non judicial element.
  Correct Answer                  False
                 
 Select The Blank
  Question              The shipper is entitled to demand that the bill of lading should be________ correctly
  Correct Answer                  dated
                 
 True/False
  Question              The expression literary work covers work which is expressed in print or writing irrespective of whether the quality or styal is high
  Correct Answer                  True
                 
 Multiple Choice Single Answer
  Question              The Slip is lodged at
  Correct Answer                  Insurance company
                 
 True/False
  Question              The arbitrator as a private judge may not be absolutely impartial.
  Correct Answer                  False
                 
 Multiple Choice Single Answer
  Question              One of the parties to the marine insurance is Known as
  Correct Answer                  Assured
                 
 True/False
  Question              In the case o fliterary work like encyclopedia dictionaries, year books etc., i.e. where there is collective work and output, there is a joint authorship.
  Correct Answer                  False
                 
 Multiple Choice Single Answer
  Question              The Society Lloyd's has members like
  Correct Answer                  Underwriting
                 
 Multiple Choice Single Answer
  Question              The work under the copyright Act should be
  Correct Answer                  originated from the author
                 
 Select The Blank
  Question              Contracts created by law are called ________.
  Correct Answer                  Quasi contract
                 
 Multiple Choice Multiple Answer
  Question              The root requirement in creating the work is
  Correct Answer                  sufficient skill, fudgement and labour , selection indgement and experience , selection labour, skill and capital
                 
 Multiple Choice Multiple Answer
  Question              The letter of cradit should state which of the methods have been chosen by the parties namely,
  Correct Answer                  Acceptance or negotiance , Payment at sight , Deferred payment
                 
 Multiple Choice Single Answer
  Question              If the goods are sold on the c.i.f.terms, the duty to take out the policy and pay the cost of insurance is of
  Correct Answer                  Seller
                 
 Multiple Choice Multiple Answer
  Question              The exclusion clauses covers
  Correct Answer                  War exclusion clause , Strike exclusion , Loss or damage caused by any terrorist
                 
 True/False
  Question              The principles relating to the ordinary letters of credit dosen't apply to standby credits
  Correct Answer                  False
                 
 Multiple Choice Single Answer
  Question              If the parties have arranged a payment at sight credit, the advising bank is instructed to arrange for the payment
  Correct Answer                  to the seller, due on presentation of their documents
                 
 Multiple Choice Single Answer
  Question              Patent once granted for an invention is an intellectual property which remains in force for a
  Correct Answer                  Specific period of time
                 
 Multiple Choice Multiple Answer
  Question              Following conventions establish international filing system
  Correct Answer                  European Patent Convention , Patet Cooperation Treaty , Madrid Agreement for Trade Mark
                 
 True/False
  Question              Under through Bills of Lading Covering on Carriage by air, the air consignment is a document of title but bill of lading is not.
  Correct Answer                  False
                 
 Select The Blank
  Question              Under f.o.b contract the cost of loading is usually included in the ________charges which are to paid by the buyer
  Correct Answer                  Freight
                 
 Select The Blank
  Question              Copyright protects the ________ of an idea rather than the idea itself.
  Correct Answer                  expression
                 
 True/False
  Question              If the document is merely a receipt, the Hague-Vishy Rules apply.
  Correct Answer                  False
                 
 Select The Blank
  Question              The commercial aims of the parties to the copntract are defeated not by their fault but by force of ________circumstrances
  Correct Answer                  Supervening
                 
 Multiple Choice Single Answer
  Question              If the seller requires payment before the deferred payment credit matures, he can obtain it by
  Correct Answer                  Negotiating the Letter of Credit
                 
 Select The Blank
  Question              The clause Arrival means that the seller has to cause delivery to be madeto the buyer from the ________
  Correct Answer                  Ship

                 
 True/False
  Question              Arbitration in the socialist countries are similar in some respects from that in the countries of free economy
  Correct Answer                  False
                 
 Multiple Choice Single Answer
  Question              Paries to an agreement may restrict the the right of either party to issuing
  Correct Answer                  Particular court
                 
 Multiple Choice Multiple Answer
  Question              Where payment under a letter of credit is arranged, the stages can normally be distinguished
  Correct Answer                  The exporter and the overseas buyer agree in the contract of sale that payment shall be made under a letter of credit , The overseas buyer instructs a bank at his place of business to open a letter of credit , The advising bank informs the exporter that it will negotiate, his draft upon delivery of the transport document
                 
 Multiple Choice Single Answer
  Question              To avoid anything in the nature of set off or counter claim, a letter of credit is given by a
  Correct Answer                  Bank to the seller
                 
 Select The Blank
  Question              If the carrier or his agent negligently misdates the bill, the carrier as principal is liable in________
  Correct Answer                  damages
                 
 Multiple Choice Single Answer
  Question              The UNCITRAL Conciliation Rules, like the Arbitration Rules, apply only of the parties have
  Correct Answer                  Adopted them
                 
 Match The Following
Question                Correct Answer

India is a signatory and indeed a founder member      GATT
World Trade Organisation                                                 Member India
Intellectual Property Rights Agreement (TRIPS)_        India, a party
Duration of 20 years for patents                                      TRIPS agreemnt

                 
 Multiple Choice Single Answer
  Question              Industrial design is design elements in
  Correct Answer                  Industrial produced articles
                 
 Multiple Choice Single Answer
  Question              If no request for conciliation is made or the conciliation fails, the dispute proceeds to
  Correct Answer                  Arbitration
                 
 Multiple Choice Multiple Answer
  Question              Literary work also covers secondary work on existing sources provided that it in turn involves literary
  Correct Answer                  Skill , Labour , Judgement 

 
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