ĐỀ SỐ 4:

Câu 2:

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Directions: Choose the answer that suits the question most.

Dawson bought vanilla beans from Indonesia. Dawson instructed an American bank to open a
letter of credit. One of the required shipping documents was a certificate of quality issued "by
experts”. The bank paid the exporter. The beans, when they arrived, were rubbish. The
certificate of quality was signed, however, by only one "expert”. Could the bank collect from
Dawson the money it had paid to the exporter?

A.

Definitely, it could.

B.

Probably, it could. SAI

C.

No, it couldn’t.???

D.

No question, it could

Câu 3:

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Directions: Four answer choices are given below each question. Choose the best answer then mark the
letter (A), (B),(C) or (D) on the screen.

When an offer is made, it is not applicable when it has ........ ?

A.

Suspension

B.

Renovation

C.

Revocation

D.

Adaptation

Câu 5:

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Directions: Choose the answer that suits the question most.

The mechanism of a confirmed letter of credit works as follows:

A.
Buyer instructs issuing bank to issue a letter of credit in favor of the seller.

B.

Buyer instructs an issuing bank to instruct an advising bank to pay under a letter of credit in favor of the
seller.

C.

Buyer instructs an issuing bank to instruct a confirming bank to pay under a letter of credit in favor of the
seller.

D.

Buyer instructs an issuing bank to instruct any third bank to pay under a letter of credit in favor of the
seller.

Câu 6:

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Directions: Four answer choices are given below each sentence. Choose the best answer then mark the
letter (A), (B), (C) or (D) on the screen.

If the buyer can make certain assumptions about goods – even if the exporter gives no express
warranty, these assumptions are called .......... .

A.

explicit warranties

B.
exotic warranties

C.

unspoken warranties

D.

implied warranties

âu 8:

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Directions: Choose the answer that suits the question most.

Once the bank has indicated the discrepancies, what can the exporter do?

A.

The exporter can provide the missing paperwork or correct errors

B.

The exporter can ask the buyer to instruct the bank to change the terms of the letter of credit.

C.

The exporter can ask the bank to process the letter of credit with the discrepancies but to pay only when
(and if) the issuing bank permits payment.
D.

Any of the above.

Câu 10:

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Directions: Three answer choices are given below each sentence. Choose the best answer then mark
the letter (A), (B) or (C) on the screen.

A contract requiring the exporter to send the contract goods by road from Kenya to Zambia with freight
paid by the exporter.

A.

CFR Lusaka

B.

CPT Lusaka

C.

CFR Nairobi

Câu 14:

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Directions: Choose the answer that suits the question most.

Which of the following method of payment is NOT possible?

A.

100% of the contract price by letter of credit.

B.

20% prepayment and 80% by letter of credit.

C.

90% by letter of credit and 10% retaining until the warranty period is over.

D.

Part of the contract price is paid by letter of credit but there is not a clear figure stated in the amount of
the credit

âu 15:

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Directions: Four answer choices are given below each sentence. Choose the best answer then mark the
letter (A), (B), (C) or (D) on the screen.

For the exporter, the option to repair a defective item abroad .......... .

A.

is negligent
B.

can be costly

C.

is always the best choice

D.

is always the worst choice

Câu 20:

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Directions: Choose the answer that suits the question most.

The point at which money is deemed to be paid most preferred by buyer is ……………….

A.

When the buyer pays the money into his bank.

B.

When the buyer’s bank transfers funds.

C.

When the buyer instructs the bank to pay.

D.

When the funds reach the seller’s bank account.

Câu 22:

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Directions: A word or phrase is missing in each of the sentences below.Four answer choices are given
below each sentence. Choose the best answer to complete the sentence. Then mark the letter (A), (B),
(C) or (D) on the screen.

In a contract under a Continental law, a recital ……... .

A.

is essential

B.

is not useful

C.

is not essential

D.

is importan

Câu 23:

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Directions: Four answer choices are given below each sentence. Choose the best answer then mark the
letter (A), (B), (C) or (D) on the screen.

"A voltmeter that is specified as accurate within 1 millivolt is accurate within only 5 millivolt” is an
example of:

A.

Defective design

B.

Defective materials

C.

Defective workmanship

D.

Misuse by the seller

Câu 27:

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Directions: A word or phrase is missing in each of the sentences below.Four answer choices are given
below each sentence. Choose the best answer to complete the sentence. Then mark the letter (A), (B),
(C) or (D) on the screen.

Among a number of international bodies offering arbitration services, the ............. in Paris is the most
prestigious.
A.

UCP

B.

ADR

C.

ICC

D.

FAO

Câu 31:

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Directions: Choose the answer that suits the question most.

Small purchases in private life are often in the form of …..

A.

Cash on delivery.

B.
Cash against invoice

C.

Cash with order

D.

Any of the above

Câu 37:

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Directions: Choose the answer that suits the question most.

In settlement by deferred payment, the letter of credit is paid after delivery. Right or wrong?

A.

Completely right.

B.

Definitely wrong.

C.

It depends

D.
The letter of credit is not payable until a number of days.

Câu 41:

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Directions: Choose the answer that suits the question most.

A price and payment clause taken from an export contract is as follows:

"The price payable for the Contract Goods as specified in Annex A is $500,000”. What is missing?

A.

The clause does not specify how payment will be made

B.

The clause does not specify when payment is due

C.

The clause lacks all the necessary five steps in negotiating payment like payment mode, time, place,
delay and results of delay

D.

The clause does not say where the money must be before the buyer is deemed to have paid, define
delay in payment and mention the consequences of delay

Câu 42:

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Directions: Choose the answer that suits the question most.

The majority of shipping documents presented to banks under documentary credit transactions are
accepted on first presentation. Right or wrong?

A.

Completely right.

B.

Definitely wrong.

C.

Neither right nor wrong

D.

It depends.

Câu 43:

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Directions: A word or phrase is missing in each of the sentences below.Four answer choices are given
below each sentence. Choose the best answer to complete the sentence. Then mark the letter (A), (B),
(C) or (D) on the screen.

It is common to put the definition clause ………… of the contract.

A.

at the beginning

B.

near the beginning

C.

at the end

D.

near the end

Câu 45:

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Directions: Four answer choices are given below each sentence. Choose the best answer to
complete the sentence. Then mark the letter (A), (B), (C)

A unilateral offer can be defined as:

A.

An offer made of a promise in return for a promise

B.

An offer made of a promise in return for an act

C.

An offer made of an act in return for an act

D.

An offer made of act in return for a promise

Câu 46:

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Directions: Four answer choices are given below each sentence. Choose the best answer then mark the
letter (A), (B), (C) or (D) on the screen.

A liquidated damages clause protects .......... .

A.

the exporter rather than the importer

B.

the importer rather than the exporter

C.

both sides

D.
neither the exporter nor the importer

Câu 47:

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Directions: A word or phrase is missing in each of the sentences below.Four answer choices are given
below each sentence. Choose the best answer to complete the sentence. Then mark the letter (A), (B),
(C) or (D) on the screen.

................. happens when one party ends the contract because of breach by the other.

A.

Cancellation

B.

Suspension

C.

Impossibility

D.

Termination

Câu 48:

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Directions: A word or phrase is missing in each of the sentences below. Four answer choices are given
below each sentence. Choose the best answer to complete the sentence. Then mark the letter (A), (B),
(C) or (D) on the screen.
Who issues ocean bill of lading?

A.

Captain

B.

Exporter

C.

Shipping company

D.

Agent

Câu 49:

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Directions: Three answer choices are given below each sentence. Choose the best answer then mark
the letter (A), (B) or (C) on the screen.

A contract requiring an exporter in Mozambique to deliver the contract goods in Beira, Mozambique, for
the shipment by sea to Dar es Salaam, Tanzania.

A.
FAS Beira

B.

CIF Beira

Câu 50:

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Directions: A word or phrase is missing in each of the sentences below. Three answer choices are given
below each sentence. Choose the best answer to complete the sentence. Then mark the letter (A), (B)
or (C) on the screen.

The cheapest mode of transport is .......... .

A.

by sea

B.

by air

C.

by road