which of the following is true of international sales law? course hero

When is international trade most likely to occur?

QUESTION 6 Choose the correct statement. The law of nature (jus naturale) is based on the belief that states should …1. Be legally bound to one another because it is a natural principle that the world should be orderly and not chaotic. 2. Not be legally bound to one another because it is a natural principle that the world should be orderly and not chaotic.

When can a nation's producers compete effectively with imports from other nations?

 · All tutors are evaluated by Course Hero as an expert in their subject area. It mainly aims to unify and codify an international law of sales. Step-by-step explanation This is a treaty that is a uniform international sales law and plays a major role in the globalization of trade and contract laws through increasing predictability.

When is the doctrine of equity resorted to in contract cases?

 · View Test Prep - August-TIF_Ch10 from BUS 430 at University of Phoenix. Chapter 10: Sales True or False Questions 1. The Convention Relating to a Uniform Law on the International Sale of Goods

What does international trade equalize the opportunity cost of producing?

 · Question 21 private international law primarily. Question 21 Private international law primarily addresses relations between individual countries and international organizations. Selected Answer: False. Question 22 The World Trade Organization (WTO) is intended to promote stability of world currencies.

Which is the most prevalent law system in the world?

The Civil Law System is the most prevalent system in the world.

What are the methods of international business disputes?

Methods to resolve international business disputes can include mediation, arbitration and litigation.

What is the Chinese system of commercial law?

China has adopted a codified system of commercial law entitled the "Uniform Commercial Code" for all commercial transaction law. T/F In China, the major trial court is the "Federal District Court.". False. T/F In China the highest body of the Chinese government is the State Council, presided by the Premier.

Which countries have civil law?

Almost the entirety of South and Central America adopts the civil law system. Germany, Spain, France, Italy, England and the other European Union countries of Europe are all part of the civil law system. All of the following are true about the common law system except: All of the other choices are correct.

Which countries are part of the civil law system?

All of the following are true about the civil law system except: Germany, Spain, France, Italy, England and the other European Union countries of Europe are all part of the civil law system. There is no exception. All of the other questions are true.

Is there an exception to the rule that all choices are public law?

There is no exception. All choices are examples of public law.

Can a contract be upheld as long as it is reasonable, negotiated in an arm's length transaction,

a) Can be upheld as long as it is reasonable, negotiated in an arm's length transaction, and absent a compelling reason not to honor it.

What is a promise supported by?

A) A promise must be supported by a signed written document and an advance payment.

Can a contract contain promises?

A) A valid contract cannot contain promises.

What is the term for the temporary sale of products in a foreign market at prices below cost to eliminate competitors in that

false. The temporary sale of products in a foreign market at prices below cost to eliminate competitors in that foreign market is referred to as: predatory dumping.

What is the name of the international treaty established to negotiate lower trade restrictions?

false. The international treaty established to negotiate lower trade restrictions is known as the: General Agreement on Tariffs and Trade (GATT).

What should the protection granted to infant industries be?

According to some economists, the protection granted to infant industries should be: to protect emerging domestic industries. Economies of scale in the production of a good implies that: the long-run average cost of production falls as the scale of operation expands. Regional trading bloc agreements: