Đáp án trắc nghiệm iếng anh chuyên ngành 2

Đề số 1: Câu 1 : Điểm: 1.00đ Điểm trừ: 0.00đ Directions: A word or phrase is missing in each of the sentences below.Four answer choices are given below each sentence.. Directions: Choos

Đề số 1:

Câu 1 :

Điểm: 1.00đ

Điểm trừ: 0.00đ

Directions: A word or phrase is missing in each of the sentences below.Four answer choices

are given below each sentence Choose the best answer to complete the sentence Then mark

the letter (A), (B), (C) or (D) on the screen.

Cancellation on grounds makes no legal sense.

below each sentence Choose the best answer to complete the sentence Then mark the letter (A), (B), (C) or (D) on the screen.

In international contracts, parties try to exclude assignment of rights without

Directions: Choose the answer that suits the question most

Within the four alternatives of the at - sight Letter of credit, which one is the least satisfactory for the exporter?

Of the three options available for settling disputes, litigation before the court is internationally least attractive as it is

Where is often the place of expiry of the credit?

At the counters of the negotiating bank

If the bank sees from a marine bill of lading that transport will take place on deck, what will the bank do?

The bank will ask the exporter to resubmit the proper marine bill of lading.

Which of the following statement is TRUE?

Directions: Choose the answer that suits the question most

In negotiating a letter of credit, the step in which the buyer applies for the letter of credit specifying the

agreed documentation is ………

A

Incorporation

A contract is a written agreement and it follows the "meeting of minds” and ………

“Offer and acceptance”

Điểm: 1.00đ

Điểm trừ: 0.00đ

Directions: Choose the answer that suits the question most

The greatest fear for the exporter is…

Directions: Choose the answer that suits the question most.

What would be the effect on the price of the goods traded if the buyer wants the goods sooner?

Directions: Choose the answer that suits the question most.

Which is the most appropriate method of payment for the exporter in the following case?

A new small customer in a Pacific island republic much given to political disturbances The order is for

$10,000 worth of assorted textiles

Termination for default occurs when the contract names certain which allow one side to terminate

Directions: Choose the answer that suits the question most.

Which is the most appropriate method of payment for the exporter in the following case?

A contract for supply of cloth worth $5,000 per month to the government of Oceanea – a prosperous country Duration of the contract is 2 years, but renewable Contract represents 25% of turnover

A

Open account with bank guarantee

When a contract is cancelled, a payment problem arises; the party in breach has a case of payment.

Directions: Choose the answer that suits the question most.

What are the set of assumptions with which a price quotation is based?

Directions: Choose the answer that suits the question most.

What does "3/3 Marine Bill of Lading” mean?

It means the number of originals and that of copies of the marine bill of lading required are always the same.

Every contract is governed by ………

Inspection by the is called "open package inspection”.

Directions: Choose the answer that suits the question most.

Another name for Tender Guarantee is ………

Bond guarantee.

Câu 2:

Điểm: 1.00đ

Điểm trừ: 0.00đ

Directions: A word or phrase is missing in each of the sentences

below.Four answer choices are given below each sentence Choose the best answer to complete the sentence Then mark the letter (A), (B), (C) or (D) on the screen

When parties agree to end a contract, occurs

Directions: Choose the answer that suits the question most

A commercial invoice must be made out to ………

Directions: Choose the answer that suits the question most.

If shipment is made on CIF or CIP terms, the letter of credit will call for

Directions: Choose the answer that suits the question most.

Why do most exporters offer a discount for early payment, for example a 1% discount if payment is made within 10 days of the date of invoice?

Điểm trừ: 0.00đ

Directions: Choose the answer that suits the question most

Why can a manufacturer sometimes accept a loss on an export deal?

Directions: A word or phrase is missing in each of the sentences

below.Four answer choices are given below each sentence Choose the best answer to complete the sentence Then mark the letter (A), (B), (C) or (D) on the screen

In a contract, a formal definition is the best way of clarifying what exactly the two sides have ………

It depends on the agreement

A contract requiring an exporter in Ethiopia to send the contract goods by air for delivery in Windhoek, Namibia

Directions: Choose the answer that suits the question most.

Which is the most appropriate method of payment for the exporter in the following case?

A new small customer in a Pacific island republic much given to political disturbances The order is for $10,000 worth of assorted textiles

If the price is quoted FOB Singapore, then the seller is not obliged to pay insurance and freight Right or wrong?

Directions: Choose the answer that suits the question most.

Discount Records bought phonograph records from an exporter Payment was by letter of credit issued by Barclays Bank The exporter delivered a mix of cassettes, eight – track cartridges and other non - contractual goods.Discount Records tried to get an injunction to stop Barclays from paying under the letter of credit What you think the court would do in that case?

him to make good any damage he has caused the buyer

on the screen

If alternative means of transport or partial shipments are allowed perhaps

by different modes of transport, the letter of credit should have the words between the names of transport documents

Directions: A word or phrase is missing in each of the sentences

below.Four answer choices are given below each sentence Choose the best answer to complete the sentence Then mark the letter (A), (B), (C) or (D) on the screen

The decision of arbitrators is

A

Law- oriented

Directions: A word or phrase is missing in each of the sentences

below.Four answer choices are given below each sentence Choose the best answer to complete the sentence Then mark the letter (A), (B), (C) or (D) on the screen

In drafting an arbitration clause, the following questions must be

Directions: A word or phrase is missing in each of the sentences

below.Four answer choices are given below each sentence Choose the best answer to complete the sentence Then mark the letter (A), (B), (C) or (D) on the screen

The main concern of the parties to contract should be

Câu 1:

Điểm: 1.00đ

Điểm trừ: 0.00đ

Directions: Choose the answer that suits the question most.

The bank helping the exporter to check the correctness of the documents and set the payment procedure in motion is ………

Directions: Choose the answer that suits the question most.

Assuming shipment is by rail, what if a letter of credit demands the original bill of lading?

A

It is a possible demand

Directions: Choose the answer that suits the question most.

Export credit insurance is very attractive; however, it has certain limitations like…

and the inability of covering 100% of the original invoice price.

……… are the explanations

Directions: Choose the answer that suits the question most.

In terms of payment in international trade,

A

Risk rises and cost rises as well

Directions: A word or phrase is missing in each of the sentences below.Four answer choices are given below each sentence Choose the best answer to complete the sentence Then mark the letter (A), (B), (C) or (D) on the screen.

The answers to background questions are written ………

If a contract is the entire agreement, earlier letters and documents ……

Partial invalidity clause can help to avoid problems with contracts that…………

The advantages of arbitration are

A

Private and foreseeable costs

The point of delivery is much the same for all terms and terms – when the exporter hands the goods over to the carrier.

A

C and F

B

D and F

There is no connection between the letter of credit and the sales contract Right or wrong?

Directions: Choose the answer that suits the question most

Is it possible for the beneficiary (exporter) sometimes, though not often, to make a draft on the bank to collect the money?

A

Directions: Choose the answer that suits the question most.

A term or terms in a contract could raise the contract price

No additional packaging or safety warnings are required beyond normal standards.

If the buyer comes from a country which has a poor reputation for enforcing awards, the best method of payment under the contract is a/ an

Continental lawyers ……… complicated grammar of the whereas-clause.

A

often avoid

B

Directions: Choose the answer that suits the question most.

Dawson bought vanilla beans from Indonesia Dawson instructed an American bank to open a letter of credit One of the required shipping documents was a certificate of quality issued "by experts” The bank paid the exporter The beans, when they arrived, were rubbish The certificate of quality was signed, however, by only one "expert” Could the bank collect from Dawson the money it had paid to the exporter?

Câu 5:

Điểm: 1.00đ

Điểm trừ: 0.00đ

Directions: Choose the answer that suits the question most

The mechanism of a confirmed letter of credit works as follows:

letter (A), (B), (C) or (D) on the screen.

If the buyer can make certain assumptions about goods – even if the exporter gives no express warranty, these assumptions are called

Directions: Choose the answer that suits the question most

Once the bank has indicated the discrepancies, what can the exporter do?

A

The exporter can provide the missing paperwork or correct errors

Directions: Choose the answer that suits the question most.

Which of the following method of payment is NOT possible?

Directions: Choose the answer that suits the question most.

The point at which money is deemed to be paid most preferred by buyer is ………

In a contract under a Continental law, a recital ……

A

is essential

B

is not useful

Among a number of international bodies offering arbitration services, the in Paris is the most prestigious.

Điểm trừ: 0.00đ

Directions: Choose the answer that suits the question most

Small purchases in private life are often in the form of …

Directions: Choose the answer that suits the question most

In settlement by deferred payment, the letter of credit is paid after delivery Right or wrong?

Directions: Choose the answer that suits the question most.

A price and payment clause taken from an export contract is as follows:

"The price payable for the Contract Goods as specified in Annex A is $500,000” What is missing?

A

The clause does not specify how payment will be made

B

The clause does not specify when payment is due

C

The clause lacks all the necessary five steps in negotiating payment like payment mode, time, place,

delay and results of delay

Directions: Choose the answer that suits the question most

The majority of shipping documents presented to banks under documentary credit transactions are accepted on first presentation Right or wrong?

It is common to put the definition clause ………… of the contract.

Directions: Four answer choices are given below each sentence Choose the best answer to complete the sentence Then mark the letter (A), (B), (C)

A unilateral offer can be defined as:

happens when one party ends the contract because of breach by the other.

A

Cancellation

B

Suspension

Who issues ocean bill of lading?

(Note: If either party is prevented from, or delayed in, performing any duty under this Contract

by an event beyond his reasonable control, then this event shall be deemed force majeure.)

A ban is issued on the export of jute products by newly elected government that has been preparing legislation on this subject for five years.

A

Yes

B

Điểm: 1.00đ

Điểm trừ: 0.00đ

Directions: Choose the answer that suits the question most

In how many originals and copies is the air waybill issued according to the standard of the International Air Transport Association - IATA?

Directions: Choose the answer that suits the question most

Which of the following discrepancies is NOT the problem with the Letter of Credit?

Directions: Choose the answer that suits the question most.

Assuming shipment is by rail, what if a letter of credit demands the original bill of lading?

The bank insists on strict compliance.

The Anglo-American contract is …………

In a contract under a Continental law, a recital ……

When the goods are At the seller’s premises

In a contract under a Continental law, a recital ……

A

is essential

B

is not useful

If shipment is under Incoterms other than CIF or CIP,

Directions: Choose the answer that suits the question most.

Dawson bought vanilla beans from Indonesia Dawson instructed an American bank to open a letter of credit One of the required shipping documents was a certificate of quality issued "by experts” The bankpaid the exporter The beans, when they arrived, were rubbish The certificate of quality was signed, however, by only one "expert” Could the bank collect from Dawson the money it had paid to the exporter?

If both parties perform their duties correctly, a contract is discharged by :

The Vienna Sales Convention is also called :

Anglo-American law is also called ………

A

Common law

Directions: Choose the answer that suits the question most.

In negotiating a letter of credit, the step in which the exporter rigorously checks documentation and submits it to the bank is ………

Which is the most appropriate method of payment for the exporter in the following case?

Sale of a bale (roll) of cloth costing $200 to a nearby tailor’s shop with whom you have done business for 20 years

Directions: Choose the answer that suits the question most

The majority of shipping documents presented to banks under documentary credit transactions are accepted on first presentation Right or wrong?

A

Completely right

The main difference between Continental and Anglo-American contract law is the degree of ………

The parties to a contract are not always required to ………… the Vienna Sales Convention.

A

Ignore

B

Apply

Directions: Choose the answer that suits the question most.

The method of payment which is dangerous for the exporter is……

As for Anglo-American law, the decision of the judge is always …………

Directions: Choose the answer that suits the question most.

What happens if the issuing bank finds a problem with the documents and refuses to send funds to the advising bank to cover payment?

The payments from the advising bank to the exporter are always made with recourse The exporter has

to pay back the advising bank in such a case OK

D

It is the responsibility of the issuing bank of paying back the advising bank in such a case

Câu 50:

Điểm: 1.00đ

Directions: Choose the answer that suits the question most.

The word ‘cash’ in international trade means ……….

To make sure that the officer signing the contract has authority to sign the contract, parties should check

A

The duplicate of the signature

B