Question: Answer only please because have time limit. 1) Mediation is an adjudicative process where the parties submit their dispute, for a binding decision, to an

Answer only please because have time limit.

1) Mediation is an adjudicative process where the parties submit their dispute, for a binding decision, to an impartial tribunal.

Select one:

a. False

b. True

2) The main role of LC advising bank is to:

Select one:

a. authenticating the LC issuing bank.

b. pay on behalf of LC issuing bank.

c. negotiate the bills drawn under LC.

d. None of these.

3) In CIF contracts, the risk passes when property passes.

Select one:

a. False

b. True

4) ICC INCOTERMS imply terms into contacts for the international sale of goods, including quality of the goods and quantity of the goods.

Select one:

a. True

b. False

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