True concerning the arbitration of international disputes

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1. Under the Convention on the International Sale of Goods, which of the following is not a material term in a contract:

Price. Payment. Purpose. Quality. Save Question 7 (1.67 points)

2. Which is not an institution of the European Union?

The Council of Ministers. The Euro-Senate. The Parliament. The Commission.

3. Why do many countries favor joint ventures?

They allow local businesses to participate. Economic growth. Decrease in the risk of foreign domination of local industry. All of the above.

4. Which of the following is not a permissible payment for routine government action under the Foreign Corrupt Practices Act?

Obtaining permits. Processing visas. Travel expenses to a foreign official in gratitude for doing business. Scheduling inspections associated with the transit of goods across country.

5. Which of the following is not true concerning the arbitration of international disputes:

Arbitration is more streamlined than litigation. Arbitration creates more publicity than litigation. Arbitration is easier for the parties to understand than litigation. Parties can agree on the choice of the arbitrator. Save

Reference no: EM132244456

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