International Commercial Law - 9

This solved paper has been contributed by Raul Castro

THANKS TO : Raul Castro
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LIST OF ATTEMPTED QUESTIONS AND ANSWERS   

    

 True/False

  Question   The floating policy is not a time policy but the aggregation of voyage policies

  Correct Answer   True

  

 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

  

 Select The Blank

  Question   In legal phraseology there is no privity of ________ between customer and manufacturer

  Correct Answer   Contract

  

 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

  

 True/False

  Question   Words which do not describe the character or quality of goods are registerable.

  Correct Answer   True

  

 True/False

  Question   The seller pays all the charges upto the loading of goods at the address of buyer

  Correct Answer   False

  

 Multiple Choice Multiple Answer

  Question   Arbitration tribunals have been consituted in

  Correct Answer   Poland , Czekoslovakia , Hungary 

  

 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   Copyright protects the ________ of an idea rather than the idea itself.

  Correct Answer   expression

  

 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

  

 Multiple Choice Single Answer

  Question   The customer and manufacture has no

  Correct Answer   Privity of Contract

  

 Multiple Choice Single Answer

  Question   GATT is a multilateral treaty that lays down general rules for the conduct of

  Correct Answer   International trade relation

  

 Multiple Choice Multiple Answer

  Question   The Institute Cargo clauses B covers the loss of or damage to the subject - matter insured reasonably attributed to

  Correct Answer   Fire or explosion, Discharge of cargo at a port of distress, Earthquake, volcanic eruption or lightening

  

 Select The Blank

  Question   The burden of proof for recovery under the insurance is that of the ________

  Correct Answer   Assured

  

 True/False

  Question   Term of Registration and renewal increased from 7 to 10 years.

  Correct Answer   True

  

 True/False

  Question   Ii is in the public interest to encourage the marketing of the products having defects that can be sold in lower price to the public.

  Correct Answer   False

  

 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 

  

 Multiple Choice Single Answer

  Question   The trading Invoice should state the

  Correct Answer   Name and addresses of seller and buyer

  

 Multiple Choice Single Answer

  Question   Industrial design is design elements in

  Correct Answer   Industrial produced articles

  

 Match The Following

Question                                                                                Correct Answer

Legalprotection of computer software            Trade secreat system

 Expressionof thought                                                        Original work

 Not entitled for copyright protection                              A mere idea

 Novels, drama, poetry                                       Literary work

  

Match The Following

Question                                                                Correct Answer

The manufacturing process                               Quality control

Important issue of vertical privity is                Who can be sued

Sales talk                                                               Opinion

An automobile or high speed machinery        maticulous precautions

  

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

Multiple Choice Multiple Answer

Question   The critical point is in the port of shipment in the traditional forms of export contracts such as

  Correct Answer   f.o.b , c.i.f , f.a.s 

  Your Answer   f.o.b , c.i.f , f.a.s 

  

 True/False

  Question   Scenic effects and costumes are not the subjects of copyright even if they are artistic

  Correct Answer   False

Multiple Choice Single Answer

  Question   The work under the copyright Act should be

  Correct Answer   originated from the author

  

 Multiple Choice Single Answer

  Question   The words copyright derives from the expression

  Correct Answer   Copy or words

  

 Multiple Choice Single Answer

  Question   Unregistered trade mark can be protected by the action of

  Correct Answer   Passing off

  

 Multiple Choice Single Answer

  Question   Apolicy which specifies the agreed value of the subject mateer insured

  Correct Answer   A valued policy

  

 Select The Blank

  Question   The invoice ________is to be stated as the terms of the contract

  Correct Answer   Price

  

 Select The Blank

  Question   The clause Arrival means that the seller has to cause delivery to be made to the buyer from the ________

  Correct Answer   Ship

  

 True/False

  Question   Time policies may cover a fixed priod of twelve months on the continuation clause

  Correct Answer   False

  

 Multiple Choice Single Answer

  Question   Inventions are protected by

  Correct Answer   Patent

  

 True/False

  Question   The computer programmes have been included in the ambit of patentability

  Correct Answer   False

  

 Select The Blank

  Question   The shipper is entitled to demand that the bill of lading should be________ correctly

  Correct Answer   dated

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   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   When the consumer deals with the retailer rather than directly with the manufacture he establishes a ________ relationship

  Correct Answer   Contractual

  

 Select The Blank

  Question   ________ has no eastablished status in Law but are admissible in evidence against the seller if litigation ensues between him and buyer

  Correct Answer   Letters of Insurance

  

 Multiple Choice Multiple Answer

  Question   The exclusion clauses covers

  Correct Answer   War exclusion clause , Strike exclusion , Loss or damage caused by any terrorist 

  

 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 theories of liability may be divided into three groups

  Correct Answer   Negligence , Misrepresentation, both tortions and by breach of warranty , Strict liabilty in tort for defective products 

  

 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

  

 Multiple Choice Multiple Answer

  Question   Paries convention lay down the basic principle governing protection of

  Correct Answer   Patents , Trademarks , Industrial design 

  

 True/False

  Question   An electrical terminal for washing meachine was held registrable because a potential customer may decide to buy it solely for its utility

  Correct Answer   False

  

 Multiple Choice Single Answer

  Question   The broker wright the essentials of the proposed insurance in cuetomery abbreviationson a document called

  Correct Answer   The Slip

  

 Multiple Choice Multiple Answer

  Question   Classification of contracts by it's validity are

  Correct Answer   Voidable contract , Illegal contract , Unenforceable contract 

  

 Multiple Choice Multiple Answer

  Question   The Lioyd's marine policy form is schedule into which the following information is to be inserted

  Correct Answer   The policy number , The subject- matter insured , The amount insured 

Posted in: International Commercial Law(Set-3)