1.

In most Middle Eastern countries, agents and distributors are not required to be nationals of the country.

Group of answer choices

True

False

2.

Lex Mercatoria is:

Group of answer choices

a major calamity like a storm or other natural disaster.

the Uniform Commercial Code.

common law.

trade law made up of a multitude of different sources of law and jurisprudence.

None of the above

3.

A termination of an international contract between an exporter and an agent/distributor can be made by:

Group of answer choices

either of the parties.

only an exporter.

only an importer.

only an agent/distributor.

None of the above

4.

Incoterms stands for:

Group of answer choices

terminal incorporation procedures.

in-country termination.

international company terminology.

intercontinental term standards.

None of the above

5.

A contract is entered in good faith when neither of the parties has any other ulterior motive about the agreement.

Group of answer choices

True

False