Download International Business Law Exam: Questions on Litigation, Arbitration, and Partnerships and more Exercises Negotiation in PDF only on Docsity! FOREIGN TRADE UNIVERSITY FINAL EXAM FACULTY OF LAW Module : INTERNATIONAL BUSINESS LAW Semester 1 School year: 2021 — 2022 Exam date: 20/12 /2021 Duration: 60 mins ( This is an open-book exam) 1. Compare between Litigation and Arbitration. In your opinion, which method is more suitable and useful to settle international commercial disputes? (3 marks) 2. In January 2021, A and his two friends, B and C established the ABC partnership company in Hanoi. A and B are general partners and C is a limited partner. a. An one member LLC X owned by D wanted to join ABC partnership as a general partner. Can company X do so? b. In April 2021, a two-member LLC Y and B agreed that B would contribute capital to become a member of company Y. Can B contribute capital to company Y? c. In May 2021, B signed an one-billion loan contract on behalf of ABC with E, which is due on August 2021. When the debt is due, E asked A to pay back VND 1 billion with the agreed interest, did A have to pay? (3 marks) 3. On March 10 2021, company A in Hanoi sent an offer to company B in Singapore to buy 1000 Dell laptops for 1500 SGD each. The offer stated that the time limit for reply is 10 days since the date that B received this offer. On March 20th, the offer was sent to B's office, but because this is Sunday, so until March 21, B received A's offer. On March 22nd, B sent a reply to A. According to this reply, B agreed with A's offer but A would have to be in charge of transporting the goods. On March 25, A received a reply from B and called B to accept B's condition but asked to reduce the price to SGD 1350/each laptop. B disagreed and offered to A the price of SGD 1450/each. A did not accept this price and offered B a lower price, which was SGD 1400/each. The deadline for B to respond this offer is March 29th, if B agreed, B could deliver the goods to A. On March 29th, there was no reply from B, so A signed a contract with another partner. However, on March 30th, A received the goods delivered from B. A did not accept this shipment and did not make payment to B. Question: Did A have the right to refuse the goods delivered from B? (The governing law is the CISG 1980) (4 marks)
