Key Concepts and Sources of Law

Which of the following scenarios exemplifies the positivist view of law?

Which legal source relies on the application of the 'stare decisis' principle?

In a country with a mixed legal system, which source of law would most likely take precedence in resolving a contractual dispute?

Which characteristic differentiates public law from private law?

What is the primary distinction between domestic and international law?

What is a key difference between international and supranational law?

Which branch of law directly regulates the structure and power distribution within a state?

How does constitutional law directly affect businesses operating within a country?

What is the main difference between a unitary and a federal state structure?

Which concept ensures that all individuals and institutions, including the state, are subject to and accountable under the law?

Why is an 'unease of doing business index' often correlated with the number of regulations in a country?

How does law create incentives in the context of international business, using the "ex ante" perspective?

What key feature of a legal personality significantly promotes business and an entrepreneurial approach?

What economic concept is related to minimizing the transaction costs involved in an agreement?

Why does the law promote the principle of the 'general average' in maritime law?

Why does the law create legal certainty concerning business contracts?

What is the primary problem associated with the principal-agent relationship?

How can the law help to mitigate the agency problem in business relationships?

Monopolies are often viewed negatively because they

What is 'rent-seeking' and why is it considered dangerous for value creation?

What is the 'availability cascade' and how can it compromise public input into regulations?

What is the 'precautionary principle' and how might it negatively affect regulation?

What typically characterizes the approach of business associations as interest groups trying to influence policy?

Why is it not as simple as, if there is a punishment, there is compliance?

What is the primary goal of the United Nations, according to the provided text?

Which institutions were created as a result of the Bretton Woods Conference?

Which organ of the UN has the power to adopt legally binding decisions?

What is the role of the International Court of Justice in international law?

What is the key principle of the Most Favored Nation (MFN) status in international trade agreements?

What are the primary goals of the World Trade Organization (WTO)?

What distinguishes a customs union from a free trade area?

What distinguishes an economic union as the highest form of economic cooperation?

What is the role of the President of the European Council?

What is the purpose of the Treaty on European Union (TEU) in the EU legal system?

What distinguishes EU regulations from EU directives?

What is the 'four freedoms' that the TFEU establishes?

What describes a company operating in various countries decides its liability based on how each country's

What is a key aspect of EU's objective Private International Law

Which forms of business structure is used to pool their money while minimizing the company's personal risks?

What's a reason why a company would have to be registered?

What's the difference between an incorporated and unincorporated company?

Which of these organizations establishes rules for registration of a company?

Which is not one of the key aspects to keep in mind for company administration?

Which of the following does an accountant not typically focus on when dissolving a company?

What's the function of the board of directors?

Which of the following does not contribute to defining if you are a tax resident?

Is it possible where a contract can be voidable because it has an implied intent to do something?

Is it common to include mandatory conditions?

In the event of the contract in an event of mistreatment, are courts used?

Under Dutch Civil Code, what establishes key aspects with the personality, obligations, contracts, liability, and intellectual property?

After an offer is made, can it be taken back?

Which approach to the origin of law views it as a formalized set of commands?

Which entity typically produces codified standards or legislation?

In legal systems, what does 'stare decisis' typically ensure?

Which of the following is characteristic of the application of law by the executive branch?

What role do religious writings and teachings primarily play in a theocracy?

Which statement describes the correct dynamic of what is required to transform a custom into a legal practice?

What is the main characteristic of the 'ius cogens' principle in international law?

In the context of legal families, what primarily defines a 'national legal system'?

What is the primary characteristic that distinguishes a civil law family in the legal system?

Which of the following is the most indicative of public law relationships?

What is a distinguishing feature of private law compared to public law?

What does 'ratification' mean in the context of international treaties?

In the structure of the United Nations, what is the role of the Security Council?

Which entity in the UN is charged with settling legal disputes between states?

What critical component must exist for goods and services under the MFN Principle in the WTO?

What is the central aim of the World Trade Organization (WTO)?

How are trade rules determined in the World Trade Organization (WTO)?

Which of the following elements is included in addition to a free trade are to create a customs unions?

Economic Union is characterized by member nations that do what?

Which treaty forms the foundation for the EU's single market?

Which characteristic illustrates key way EU regulations differ from EU directives?

What does the freedom of establishment primarily ensure in the EU?

What incentive does limited liability provide for business owners?

What factor is considered for a business to be registered in several systems of law?

For an incorporated company, what role does a statute serve?

What mainly forms the foundation for if a non-Dutch citizen can file taxes?

What is a distinguishing feature of 'default conditions' within contract law?

If someone does their very best, but it's physically impossible are they at fault?

The source of Dutch civil code is the source of aspects related to the legal personality, etc what other legal entities does it address?

Under Dutch Civil Code (Burgerlijk Wetboek), can contract offers be revoked?

Under what approach does a court only assess the consequences of a situation that has already occured with law?

When is a bank responsible for a situation where a thief has created a hostage situation by law?

What incentives does the law provide?

When does 'rent-seeking' occur?

Should you agree that a law should be for everyone?

What is the 'availability cascade'?

What does it require to limit the Dutch/German concept of the "rechtstaat"?

What two freedoms are established in the constitution?

What is the purpose of trade barriers?

What does MFN allow? #1

What are the major benefits of a International economic cooperation?

How does the 'positivist view' contrast with the 'natural law' approach?

What role does the executive branch play in the application of law in many countries?

What is the role of 'custom' as a source of law in the international context?

How does a 'national legal system' differ from other types of legal systems, concerning scope?

In what primary way do public and private law differ, in effect and application?

In order for an international treaty to be applicable within a country, what process is required after its signing?

What key factor distinguishes supranational law from international law?

In constitutional law, what does the 'separation of powers' primarily ensure?

How can constitutional law affect businesses operating within a country?

If a government were to impose restrictions that favor local producers, what trade barriers are they likely to enact?

How would you describe a key attribute of EU regulations that differs from EU directives?

Within the EU, what does the 'freedom of establishment' primarily ensure for businesses?

How, under the concept of legal perso

Under Dutch law, what role does the Supreme Court’s Haviltex principle play in contract interpretation?

What is the significance of limited liability for company owners?

In the context of contract law, what characterizes 'default conditions'?

Why is contract enforceability so important for market efficency?

According to discussed text, why has the application of regulations on data use been increasing?

What is a key distinction between tax avoidance and tax evasion?

How does the concept of 'general average' apply in maritime law, promoting trust and cooperation?