CIPS Exam A8 Topic 1 Question 53 Discussion

Actual exam question for CIPS's A8 exam

Question #: 53
Topic #: 1

[All A8 Questions]

In an international contract, if no choice of legal system is specified in the contract, which of the following is the general principle of international trade?

AThat the legal system to be used will be that of the buyer's country

BThat the legal system to be used will be that of the supplier's country

CThat the legal system to be used will be that of a country, not involved with the contract, specified by the international court

DThat the legal system to be used will be that of the country with which the performance of the contract is most closely associated.

Show Suggested Answer

Suggested Answer: B

by Tyra at Mar 06, 2024, 06:51 AM

Limited Time Offer

25%

Off

Get Premium A8 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Gayla

9 months ago

I think it's important for the legal system to be that of the supplier's country, as they are the ones providing the goods or services. So, I would choose option B.

upvoted 0 times

...

Hailey

9 months ago

I agree with the idea of using the legal system of the country with which the contract performance is closely associated. Option D makes sense to me.

upvoted 0 times

...

Nelida

9 months ago

I believe that in international contracts, it's best to have a neutral legal system, so I would go with option C.

upvoted 0 times

...

Beata

9 months ago

I feel like the legal system should be of the buyer's country, as they are the ones making the purchase. So, I would choose option A.

upvoted 0 times

...

Glendora

10 months ago

I think the general principle is that the legal system will be of the country where the contract performance is closely associated. So, I would choose option D.

upvoted 0 times

...