Quiz 1

1、单选题：
‍Which is the international convention that regulates the negotiation, conclusion and implementation of international sales contract?‏
选项：
A: UCP600
B: Contract Law of PRC
C: CISG
D: INCOTERMS 2010
答案: 【 CISG】

2、多选题：
‏Compared with domestic trade, what are the risks that are  special for international trade?‎
选项：
A: Different language
B: Different culture
C: Different currency
D: Long distance
E: Different legal system
F: Political risk
答案: 【 Different language;
Different culture;
Different currency;
Long distance;
Different legal system;
Political risk】

3、判断题：
​International rules, such as UCP, have the same binding effect as laws.‍
选项：
A: 正确
B: 错误
答案: 【 错误】

4、判断题：
‌Domestic laws could be ignored when we conducting business internationally.​
选项：
A: 正确
B: 错误
答案: 【 错误】

5、判断题：
​There is no difference between domestic trade and international trade.‎
选项：
A: 正确
B: 错误
答案: 【 错误】

6、判断题：
‌Import is just an inverse process of export, and no special attention should be paid.​
选项：
A: 正确
B: 错误
答案: 【 错误】

7、判断题：
‍INCOTERMS 2010  regulates the practice of payment by letter of credit.‌
选项：
A: 正确
B: 错误
答案: 【 错误】

8、判断题：
​As most of the trade in the world today refers to the exchange of visible goods rather than invisible goods, many rules, regulation and conventions concerning trade in the world such as Incoterms, United Nations Convention on Contracts for International Sale of Goods (CISG), Uniform Customs and Practice for Documentary Credits (UCP) etc. are all made to deal with visible goods trade.‍
选项：
A: 正确
B: 错误
答案: 【 正确】

9、判断题：
‍Transit trade refers to the transaction involving importing goods from overseas for further processing and then re-exporting the goods abroad.‎
选项：
A: 正确
B: 错误
答案: 【 错误】

10、判断题：
‍Entrepot trade refers to the transaction involving importing goods from overseas for further processing and then re-exporting the goods abroad.​
选项：
A: 正确
B: 错误
答案: 【 正确】

Rules for Trade Terms

1、单选题：
​Warsaw-Oxford Rules 1932 was developed by International Law Association to set rules for ______.‏
选项：
A: FOB
B: CFR
C: CIF
D: C&F
答案: 【 CIF】