1、Reasons resulting in disputes in international trade can be classified into three categories: breach of contract by the seller, breach of contract by the buyer and breach of contract by both the seller and the buyer.
A、True
B、False
2、One of the ways to stipulate period for claim is: “Claim should be filed within 90 days after shipment.
A、True
B、False
3、The best way to stipulate force majeure events in the force majeure clause of a contract is to stipulate them in a synthesized way.
A、False
B、True
4、In general, the arbitration award is final and binding on both parties, therefore should be executed without any doubt.
A、True
B、False
5、There are two main types of arbitration body governmental and non- governmental.
A、True
B、False
6、Inspection on import and export commodities in China falls into two categories: statutory inspection and non-statutory inspection.
A、True
B、False
7、If a claim is well supported, the claimant shall pay a fine, a certain percentage of total contract value.
A、False
B、True
8、The main ways to settle disputes in international trade are negotiation, mediation, arbitration and litigation.
A、True
B、False
9、When a force majeure event takes place, the party concerned has no choice but to terminate the contract.
A、False
B、True
10、The arbitration tribunal has the power to decide that the losing party shall pay the winning party the arbitration fee incurred in dealing with the case.
A、True
B、False
11、The disagreement resulted from one party of a transaction totally or partially unable to perform the obligation and liability stipulated in the contract is ( ).
A、dispute
B、settlement of disputes
C、breach of contract
D、claim
12、Which of the following may possibly result in disputes? ( )
A、breakage of the package
B、quota
C、fluctuation of exchange rate
D、rising of price
13、Which of the following is a clause in a contract and meanwhile a law itself? ( )
A、force majeure
B、arbitration
C、dispute
D、claim
14、 The main arbitration body in China is ( )
A、CIETAC
B、CCPIT
C、ICC
D、MOFTEC
15、According to usual practice, the penalty of a contract shall not exceed ( ) of the total value of the goods.
A、5%
B、4%
C、10%
D、3%
16、Force majeure clause is a clause that mainly ( ).
A、protects the right of the buyer
B、enables the buyer to avoid his contractual obligations
C、enables the seller to avoid his contractual obligations
D、protects the right of the seller
17、After a dispute, in case that the parties concerned are unable to reach an agreement, they can ask a third party to help settle the dispute. This action is called ( ).
A、arbitration
B、litigation
C、mediation
D、negotiation
18、Before going for arbitration, both parties involved in a dispute need to make an arbitration agreement in written form, in which they agree to refer the subject in dispute to a third party. This indicates the ( ) nature of arbitration.
A、flexible
B、compulsory
C、necessary
D、firm
19、The best way to stipulate the place and time of inspection is ( ).
A、inspection at the factory
B、inspection at the port of shipment and re-inspection at the port of destination
C、inspection at the port of destination
D、inspection
20、Friendly negation is the most widely used method to settle the disputes. ( )
A、 False
B、 True
C、 Whether is right or not, it depends
D、 None of these options
