NLUJAA

National Law University and Judicial Academy, Assam

B.A., LL.B. (Hons.): IV-Year, VII-Semester (Academic Year: 2021-22)
Semester End Examination (December, 2021) :: Online Mode
Subject Code: 7.4/.5 (BL.1) International Business Transactions
Time: 3:00 Hrs.
Total Marks: 70
INSTRUCTIONS:
1. Read the questions carefully and answer.
2. Unnecessary queries on the Question Paper shall not be entertained.

Answer any five questions from the following. All questions carry equal marks.

1. “Some of the most common forms of e-contracts are click wrap, browse wrap and shrink-
wrap contracts. In each of these contracts, the terms and conditions of the contract are made
available to the contracting party in a form that is significantly different from the usual
paper contract.” In the light of above statement discuss various legal issues relating to
formation and validity of the electronic transaction and online contracts.

2. What is difference between anti-dumping duty and Normal Customs duty? Is the anti-
dumping duty over and above the Normal Customs duty chargeable the import of an item?
Also discuss the parameters used to assess dumping of goods from a country?

3. A letter of credit provides irrevocable guarantee to the exporter that, provided the goods
and services are delivered to the importer according to contractual terms and with the
compliant documents, discuss the rights and obligations of buyers, sellers and participating
banks in international letters of credit transactions in detail developed by International
Chamber of Commerce (ICC).

4. When Hague Principles are adopted they becomes the law of the contracting state and its
application and interpretation are governed by well-established principles of International
Law, discuss in detail various features of Hague Principles on Choice of Law in
International Commercial Contracts.

5. Illustrate with a help of case law how a court attempts to define the terms in a contract
through its reading of the contract itself and its use of evidence of prior dealing, course of
performance and trade usage?

6. Write a short note on:

a) Incoterms
b) Instruments of Trade Policy

*******