第九章
Reasons resulting in disputes in international trade can be classified into three categories: breach of contract by the seller, breach of contract by the buyer and breach of contract by both the seller and the buyer.
False
答案:True
One of the ways to stipulate period for claim is: "Claim should be filed within 90 days after shipment.
TrueThe best way to stipulate force majeure events in the force majeure clause of a contract is to stipulate them in a synthesized way.
False
答案:True
In general, the arbitration award is final and binding on both parties, therefore should be executed without any doubt.
False
答案:True
There are two main types of arbitration body governmental and non- governmental.
FalseInspection on import and export commodities in China falls into two categories: statutory inspection and non-statutory inspection.
False
答案:True
If a claim is well supported, the claimant shall pay a fine, a certain percentage of total contract value.
FalseThe main ways to settle disputes in international trade are negotiation, mediation, arbitration and litigation.
False
答案:True
When a force majeure event takes place, the party concerned has no choice but to terminate the contract.
TrueThe arbitration tribunal has the power to decide that the losing party shall pay the winning party the arbitration fee incurred in dealing with the case.
False
答案:True
The disagreement resulted from one party of a transaction totally or partially unable to perform the obligation and liability stipulated in the contract is ( ).
settlement of disputes
claim
breach of contractWhich of the following may possibly result in disputes? ( )
breakage of the package
rising of price
fluctuation of exchange rateWhich of the following is a clause in a contract and meanwhile a law itself? ( )
dispute
claim
arbitration The main arbitration body in China is ( )
ICC
CIETAC
CCPITAccording to usual practice, the penalty of a contract shall not exceed ( ) of the total value of the goods.
4%
5%
10%Force majeure clause is a clause that mainly ( ).
enables the seller to avoid his contractual obligations
protects the right of the seller
enables the buyer to avoid his contractual obligationsAfter a dispute, in case that the parties concerned are unable to reach an agreement, they can ask a third party to help settle the dispute. This action is called ( ).
litigation
mediation
negotiationBefore going for arbitration, both parties involved in a dispute need to make an arbitration agreement in written form, in which they agree to refer the subject in dispute to a third party. This indicates the ( ) nature of arbitration.
necessary
compulsory
flexibleThe best way to stipulate the place and time of inspection is ( ).
inspection at the port of shipment and re-inspection at the port of destination
inspection at the port of destination
inspectionFriendly negation is the most widely used method to settle the disputes. ( )

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