Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Canada Law about international contracts. MC question. Please give true answers. Question 6 6a) Which of the following is correct? A. We can reasonably except

Canada Law about international contracts. MC question. Please give true answers.

Question 6

6a) Which of the following is correct?

A. We can reasonably except countries such as the US, Australia, New Zealand, Singapore, and India to have common law systems, as they all share a history of colonial ties to England.

B. The civil law tradition is less prevalent around the world than is the common law system.

C. We can reasonably except Brazil and Argentina to have civil law systems.

D. The civil law and common law systems are growing more alike over time.

E. All of the above are correct.

6b) PIPEDA, the federal privacy legislation, initially applied to personal information about customers or employees used by federally regulated companies.; in Ontario and several other provinces, it also applies to :

A. customer information of provincially regulated companies.

B. Employee information of provincially regulated companies.

C. Financial information provincially regulated companies.

D. All of the above.

E. Both A & B.

6c) Which of the following is correct?

A. Parties entering into negotiations involving an international sale should be aware that more than one contract may be necessary.

B. Because of the principle of privity of contract, it is essential that the obligations of the two main contracting parties for matters such ass transportation, insurance and financing be clearly stated in the primary contract.

C.Because of the principle of privity of contract, it is never possible to ensure that the other party will honour their obligations for matters such as transportation, insurance and financing.

D. only A& B are correct.

E. only A& C are correct.

6d) A bank undertakes a direct obligation to an exporter to pay on the proper presentation of documents described in the letter of credit is called :

A. advising bank.

B. confirming bank.

C. issuing bank.

D. nominated bank.

E. both A & D.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Business Law

Authors: Anthony Liuzzo, Ruth Calhoun Hughes

11th Edition

1260734544, 978-1260734546

More Books

Students also viewed these Law questions