Question :
91.Which of the following true about the three main types : 1299208
91.Which of the following is true about the three main types of legal systems?
A. Judges under a civil law system have more flexibility than those under a common law system.
B. The common law system evolved in the United States over hundreds of years.
C. Although Islamic law is primarily concerned with moral behavior, it has been extended to cover certain commercial activities.
D. A theocratic law system is based on a detailed set of laws organized into codes.
E. Common law cannot be altered, clarified, or amended to deal with new situations.
92.Jewish law is an example of a _____ law system.
A. autocratic
B. civil
C. common
D. theocratic
E. universal
93._____ are documents that specify the conditions under which an exchange is to occur and details the rights and obligations of the parties involved.
A. Memoranda
B. Manifestoes
C. Contracts
D. White papers
E. Minutes
94.Which of the following statements is true about the difference between contracts in common law and civil law systems?
A. Contracts drafted under a common law system tend to be longer than those drafted under a civil law system.
B. Contracts drafted under a civil law system tend to be more specific than those drafted under a civil law system.
C. It is more expensive to draw up contracts in a civil law system than in a common law system.
D. Resolving contract disputes tend to be less adversarial in common law systems than in civil law systems.
E. Civil law systems have the advantage of greater flexibility and allow for judges to interpret a contract dispute in light of the prevailing situation but this feature is absent in common law systems.
95.In comparison to contracts in a civil law system, contracts drafted under a common law framework tend to be:
A. shorter in length.
B. more specific.
C. more inflexible.
D. less expensive.
E. less detailed
96.The _____ establishes a uniform set of rules governing certain aspects of the making and performance of everyday commercial contracts between sellers and buyers who have their places of business in different nations.
A. Contracts for the International Sale of Goods
B. Bill of Exchange
C. United Nations Charter
D. International Forwarding Agent Contract
E. International Promissory Note
97.When firms do not wish to accept the rules of the CIGS, they often opt for _____ to settle contract disputes.
A. UN involvement
B. arbitration
C. collective bargaining
D. the common law system of the U.S.
E. Islamic law
98.The bundle of legal rights over the use to which a resource is put and over the use made of any income that may be derived from that resource are called _____ rights.
A. civil
B. political
C. shareholder
D. property
E. public
99.Which of the following is true about property rights?
A. Ideas are not considered a part of “property.”
B. The legal systems defining and protecting property rights are the same worldwide.
C. In China, still nominally a communist state, individuals do not have the same legal protection for their property as the state has.
D. A “private action” to violate property rights is said to have occurred when politicians and government bureaucrats extort income, resources, or the property itself from property holders.
E. In many countries, laws protecting property rights are not enforced by the authorities and the rights are violated.
100.In the context of property rights, _____ refers to theft, piracy, blackmail, and the like by private individuals or groups.
A. private consumption
B. Private practice
C. privacy tort
D. private action
E. privacy violation
