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FAS means al foreign alien state b\) free on board cfree allotment security 21 IN CASE OF UNILATERAL MISTAKE a\) the contract is binding, except when the other party knows or should have known the mistake b\) the contract is binding the contract is not binding, except when the other party k...

FAS means al foreign alien state b\) free on board cfree allotment security 21 IN CASE OF UNILATERAL MISTAKE a\) the contract is binding, except when the other party knows or should have known the mistake b\) the contract is binding the contract is not binding, except when the other party knows or should have known the mistake 31 JOINT VENTURE CONTRACT CAN BE ENTERED a\) only by companies b\) by both companies and individua c\) only by individuals 4\) A VALID CONTRACT a\) is a contract that meets all legal requirements and can be enforced by either party b\) is an effective contract c\) is an effective and enforceable contract 5)A PARTY WHO BREAKS OFF NEGOTIATIONS IN BAD FAITH a\) is bound to restart the negotiation b\) is liable for losses c\) neither al nor b) 6\) AN OFFER CAN BE REVOKED BY THE OFFEROR a\) always except in case of option contract, unilateral contracts, u.cc. exception, promissory estoppel b) in any case c\) never 71A QUASI-CONTRACT IS CREATED al by operation of law on behalf of the unconscious party b\) by operation of law in order to avoid unjust enrichment of one party at the expense of another c\) by subsequent meeting of the minds 8\) IN AN OFFER UNSTATED TERMS a\) could be clarified after the contract is closed b\) must be clarified before the agreement is reached c\) may be implied or inferred by common sense 91 ACCORDING TO CISG IN CASE OF MATERIAL BREACH THE NON BREACHING PARTY MAY a\) demand the performance b\) either performance or breach c\) demand the discharge by breach 10\) A VOIDABLE CONTRACT a\) is binding on either party but is enforceable by only one- b\) is binding on one party who has the option to withdraw from it or enforce it c\) is binding on one party and enforceable by the same 11\) ACCORDING TO DUTY OF GOOD FAITH a\) parties should not fail in fulfilling they obligations b) parties should not withdraw from negotiation once started c\) parties should not enter into the negotiation process if not sincerely aimed at entering into contractual relations 12\) ADEQUACY OF CONSIDERATION a\) is an issue in court b\) is not an issue in court neither al nor b) 13\) CONSIDERATION IS a\) the price b\) something a party provides in exchange for goods from The other party c\) something a party provides in exchange for something from the other party 14\) CONTRACT a\) is a rule to be enforced just as law b\) is a rule binding upon the parties c\) is a rule to be enforced but is less binding than law 15\) MEMORANDA/TERMS OF AGREEMENT a\) are specific contracts b\) are never legally binding c\) lay down the state of the negotiation process 16\) THE ESSENTIAL ELEMENTS OF A CONTRACT ARE al oral or written agreement, implied or express agreement b\) capacity, mutual agreement, consideration and legality of subject matter c\) essential conditions, optional conditions 17\) AN IMPLIED CONTRACT a\) can be by conduct b\) can be inferred by a judge chcan be inferred by a reasonable person 18\) UNILATERAL CONTRACT a\) involves two promises b\) is a unilateral conduct c\) involves one promise by one party and an act by another 19\) PRE-EMPTION RIGHT IS THE RIGHT a\) to buy shares at a fixed price b\) to be offered shares in a company before they are made available to anyone else. c\) to sell shares at a fixed price 20\) A VOID CONTRACT al is valid but cannot be enforced b\) is not valid but can be temporarily enforced c\) is not valid and cannot be enforced 21\) A CONTRACT IS a\) an expression of will b\) a legally enforceable agreement, express or implied c\) a document 22\) EXPRESS CONTRACT IS a\) the one expressing the clear intention to be bound by the agreement b\) stated in words, written or oral, or partly written and partly oral c\) a signed document AA 2022/2023 23\) NEGOTIATION ends a\) when minds meet or if they don\'t meet within a reasonable time b\) when minds meet c\) after a reasonable time 24\) AN OFFER a\) must clearly identify the good or service b\) must state the essential terms of the proposed contract c\) can state the essential terms of the proposed contract 25\) UN CONVENTION ON CONTRACTSFOR THE INTERNATIONAL SALE OF GOODS WAS ADOPTED IN 1980 al in paris b\) in vienna c\) in rome 26\) AN ADVERTISMENT a\) is an offer b\) is not an offer but just an invitation to offer c\) can be an offer if it is specific to an identified or identifiable person or group 27\) AN OFFER LASTS a\) for the specified period of time b\) for a reasonable time c\) for the specified period of time or, if not specified, for a reasonable time 28\) ACCEPTANCE a\) must be addressed in any manner or by any medium so long as reasonable b\) must be addressed c\) can be implied by silence or inaction 29\) CONSIDERATION a\) is a good given in exchange for another b\) is any lawful alteration of responsibilities that is given in exchange for the other person\'s consideration c\) is a service given in exchange for another 30\) THE INTENT OF THE PARTIES IS TO BE DETERMINED a\) from the words contained in the document b\) from the words and actions taken as a whole c\) from mental interpretation 31\) DURING THE PERIOD OF TIME DURING WHICH THE OFFER IS TO REMAIN OPEN IT MAY EXPIRE a\) in case the acceptance is revoked by the offeree b\) in case of rejection, counteroffer, death or incompetency of either offeror or offeree c\) never 32\) PAST CONSIDERATION (something already performed without expectation of obtaining something in return) a\) is not binding if the parties don\'t enter a new agreement b\) is binding for the parties c\) is not binding since it was not bargained for in the current transaction 33\) IN CASE A PARTY FAILS TO READ WHAT HE SIGNS a) the contract is binding b\) the contract is binding because a person should not be allowed to benefit from his own ignorance or carelessness c) the contract is not binding because there was no intention to agree HLA MATERIAL MISTAKE PERTAINS TO al a relevant fact b\) a relevant fact, value or opinion c\) a relevant value 35) LO.L a\) is a binding agreement b\) may contain binding provisions c\) is not a binding agreement 36\) IN CASE OF RELEVANT MISTAKE THE CONTRACT IS al void b\) unenforceable voidable 37\) JUSTIFIABLY RELIED UPON MEANS THAT a\) the mistaken party must have actually relied upon the misrepresentation b\) the mistaken party could have reasonably relied upon the misrepresentation c\) the mistaken party must have reasonably relied upon the misrepresentation 38\) FRAUD 15 a\) a misreprensentation of a material fact, made knowingly, with the intent to defraud, justifiably relied upon, causing injury to the other party b\) a misrepresentation of a fact, made knowingly, with the intent to defraud, justifiably relied upon, causing injury to the other party c\) a misreprensentation of a material fact, made knowingly, with the intent to defraud, justifiably relied upon 39\) MADE KNOWINGLY a\) means actual knowledge b\) means potential knowledge c\) includes careless indifference to the truth 40\) THE DEFRAUDED PARTY can a\) claim for damages b\) rescind the contract or affirm the contract c\) rescind the contract 41\) ACCEPTANCE a\) must be clear and unconditional b\) can be clear and unconditional c\) can be a counteroffer 42\) IN INTERNATIONAL CONTRACTS GOOD FAITH CONCEPT a\) has uniform accepted definition b\) determined by Unidroit c\) neither a) nor b) 43\) CONTRACT LAW IS A FOUNDATION UPON WHICH ARE BUILT a\) tort law, business law, company low b\) other areas of business law c\) institutional relationships 44\) A MISTAKE IS LEGALLY RELEVANT IF IT IS a\) unilateral b\) material c\) incidental 45\) ACCORDING TO UNIDROIT PRINCIPLES DUTY OF GOOD FAITH a\) can never be excluded or limited by the parties b) is binding upon the parties if they have chosen to submit the contract to unidroit principles AA. 2022/2023 Cl agreement prevails on duty of good faith 46\) CIF means a\) customs import free cost insurance freight t\) cost included form 471 SUBJECTIVE INTENT a\) is legally relevant only if is manifested by words or actions b\) is legally relevant c\) is irrelevant 48\) PRELIMINARY AGREEMENTS a\) are not binding agreements b\) are part of the negotiation process c\) are agreements whereby the parties undertake to conclude an agreement subject to certain conditions 491 AGENCY a\) is a company b\) is a type of business organization c\) is a business 50\) PRINCIPAL a\) is the employer b\) is the cea c\) is any person for whom an agen acts 51\) TYPES OF JOINT VENTURES ARE a\) incorporated jv/partnership v b\) contractual v/corporate jv c\) bilateral jv/multilateral v 521 THE SUBJECT MATTER IN AN INTERNATIONAL CONTRACT FOR THE SALE OF GOODS IS a\) the transfer of movable goods b\) the transfer of possession of movable goods c\) the transfer of ownership of movable goods 531 PRINCIPLE OF PERSONALITY RELATES TO a\) the new entity created by partners in jv b\) sole entrepreneurs c\) mutual trust on which jv is grounded 54\) UN CONVENTION ON CONTRACTS FOR THE INTERNATIONAL SALE OF GOODS a\) is binding per se b\) is binding for the ratifying parties only c\) is binding for the parties of the convention only 55\) CISG IN RESPECT OF PARTIES HAVING THEIR PLACES OF BUSINESS IN A RATIFYING STATE a\) applies unless the parties exclude or limit its application b\) applies in any case c\) applies if the parties choose it as applicable law 56\) IN CASE OF BREACH OF A PRELIMINARY AGREEMENT THE BREACHING PARTY SHALL BE LIABLE FOR a\) damages, expenses and costs b\) nothing at all damages, expenses and specific performance contained in the envisaged contract 57\) IN FRANCHISE AGREEMENT THE MAIN OBLIGATION OF THE FRANCHISOR IS a\) to supply franchisee with goods b\) to provide franchisee with expertise to allow franchisee to use its brand name 58\) DISTRIBUTION CONTRACT IS Tetal network a sale purchase contract an alternative for the supplier to hiring a market consultant 59\) DOCUMENT AND CONTRACT a\) are the same b\) the document is only evidence of the mental that constitutes the actual contract tract is the content of the document 60\) IN CASE OF BREACH OF CONFIDENTIALITY a\) the non-breaching, even if suffered no losses, will be entitled to recover the benefit received by the other bj there are no recoverable damages c\) the breaching party shall be able only for costs incurred in by the non-breaching parties 61\) GREEN FIELD INVESTMENT MEANS THAT a\) partners in je are involved in environmental business b\) partners in je exchange shares in an existing company c\) partners in jv create a new company 621 JOINT VENTURE AGREEMENT IS a\) a contract whereby two or more enterprises agree to pool their resources for the purpose of attain a certain business objective b\) contract whereby two or more enterprises merge c\) a unilateral contract