Indicate whether each of the following statements is true or false by writing T or F in the answer column.
1. International law is the broad study of the legal systems of major countries, treaties, practices, tariffs and nontariff trade barriers, and import and export quotas.
1. __________
2. There is little or no relationship between international law and international trade.
2. __________
3. The activities of the United Nations are limited to international law. 3. __________
4. The doctrine of comity holds that the courts of one country should refrain from deciding cases involving the acts of persons from another country. 4. __________
5. The purpose of transnational institutions is to maintain legal and economic order in trade. 5. __________
6. The purpose of the International Monetary Fund is to provide a clearinghouse for checks drawn on foreign banks. 6. __________
7. The European Union established a legal and political relationship among its members that promotes economic growth, as well as social and cultural affiliations. 7. __________
8. In some countries, it is common that there will be payments made to individuals in order to secure their business. 8. __________
9. The United Nations Convention on Contracts for the International Sale of Goods is a treaty created to establish a universal set of legal procedures to be applied to contracts covering international transactions. 9. __________
10. Most countries recognize U. S. patents but not copyrights. 10. __________

  • CreatedOctober 01, 2015
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