41) What happens if a nation has allowed a case against it to be brought before the ICJ (International Court of Justice) and then refuses to accept a judgment against it?
A) American Arbitration Association can be sought for justice.
B) UN Conference on International Trade Law can be approached.
C) International Chamber of Commerce will be another source for seeking justice.
D) European Court of Justice can be approached if the country is in the European Union.
E) The plaintiff nation can seek recourse through the UN Security Council.
42) The Uniform Commercial Code (UCC) is fully adopted by all U.S. states except:
A) Virginia.
B) North Dakota.
C) Wisconsin.
D) Louisiana.
E) Montana.
43) Which of the following is not a common-law country?
A) India
B) Pakistan
C) Malaysia
D) Korea
E) Singapore
44) The German civil-law tradition prevails in all of the following countries except:
A) Poland.
B) Hungary.
C) Czech Republic.
D) Scandinavia.
E) Germany.
45) In West Africa, Burkina Faso, the Ivory Coast and Senegal are former French colonies, while Nigeria, Sierra Leone, and Ghana are former British colonies. Based on this information, which of the following would be correct?
A) Burkina Faso, the Ivory Coast and Senegal are civil-code countries, while Nigeria, Sierra Leone, and Ghana are common-law countries.
B) Burkina Faso, the Ivory Coast and Senegal are common-law countries, while Nigeria, Sierra Leone, and Ghana are civil-code countries.
C) In West Africa, Ivory Coast and Senegal are the only common-law countries.
D) All the West African nations mentioned above are likely to be civil-code countries.
E) All the West African nations mentioned above are likely to be common-law countries.
46) Islamic law is a comprehensive code based in part on:
A) Anglo-Saxon common law.
B) Roman law and the Napoleonic Code.
C) the Uniform Commercial Code.
D) the Koran.
E) the French Civil Code.
47) Any Western country doing business in Malaysia or the Middle East should have an understanding of:
A) the French Civil Code.
B) Anglo-Saxon common law.
C) Islamic law.
D) the Uniform Commercial Code.
E) Roman law and the Napoleonic Code.
48) In a recent case, Revlon sued United Overseas Limited (UOL) in the U.S. District Court for the Southern District of New York for breach of contract. UOL countered by asking the court to dismiss the claim since they are not operating in that area. Revlon cited the presence of a UOL sign above the entrance to the offices of a New York company in which UOL had a 50-percent ownership. The court dismissed UOL’s claim. This is an issue related with:
A) jurisdiction.
B) antitrust.
C) dilution of equity.
D) bribery and corruption.
E) intellectual property.
49) A formal legal document that gives an inventor the exclusive right to make, use, and sell an invention for a specified period of time is known as:
A) patent.
B) copyright.
C) trademark.
D) trade secret.
E) trade dress.
50) Engineers at a company in a developing country study an American computer chip design, copy it, and produce identical chips that are then sold to local computer makers. What form of intellectual property has been wrongly appropriated?
A) patent
B) copyright
C) trademark
D) trade secrets
E) technological
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