IEI 301 Chapter 8 - 9|50 Questions With 100 % Correct Answers|2024

1. Which of the following is a motive behind the move toward the harmonization of international contract law? a. Increase in trade and other economic relations between nations b. The growth of international customary law c. The adoption of international conventions and rules d. All of the above - ️️d 1. Which of the following is not a salient feature of the CISG, which has important implications for import/export managers? a. Oral contracts/statements b. Parole evidence c. Battle of forms d. Exemption of remedy deficiencies - ️️d 1. Which organization deals with the issue of performance and bank guarantees supporting obligations arising in international contracts? a. International Chamber of Commerce b. Uniform Rules for Contracts Guarantees c. International Commerce Commission d. The Ex-Im Bank - ️️b 1. What types of contracts are used in specific types of international commercial transactions such as trade in commodities or capital goods? a. Commercial contracts b. Transactional contracts