LW/JUN 2012/LAW653/IBM653/531
UNIVERSITI TEKNOLOGI MARA FINAL EXAMINATION
COURSE COURSE CODE EXAMINATION TIME
INTERNATIONAL LEGAL FRAMEWORK LAW653/IBM653/531 JUNE 2012 3 HOURS
INSTRUCTIONS TO CANDIDATES 1. 2. 3. This question paper consists of SEVEN (7) questions. Answer only FOUR (4) questions in the Answer Booklet. Start each answer on a new page. Candidates are allowed to bring in the following (unannotated): i) 4. Uniform Custom and Practice 600
Candidates are not allowed to bring any materials, other than those allowed by the invigilator into the examination room. Please check to make sure that this examination pack consists of: i) ii) the Question Paper an Answer Booklet - provided by the Faculty
5.
DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO
This examination paper consists of 3 printed pages
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2
LW/JUN 2012/LAW653/IBM653/531
QUESTION 1 "A buyer in a CIF contract has easier responsibilities as compared to a buyer in an FOB contract". With reference to decided cases, discuss whether this statement is true or not. (25 marks)
QUESTION 2 Amat Bijak Co ("ABC") contracted to supply 500,000 barrels of palm oil to Xtra Yard Co ("XYC") CIF Cardiff. It was agreed between the parties that property in goods would pass upon transfer of documents. While loading the goods on board the ship, 50 barrels were damaged and the contents spilled out. Upon receipt of the documents, XYC discovered that 10,000 barrels contained coconut oil and not palm oil. XYC refused to make payment as the goods did not comply with the contractual description. ABC insisted being paid as property in goods had already passed to XYC. Advise the parties as to their liability in the contract. (25 marks)
QUESTION 3 With reference to decided cases, discuss the nature and functions of a bill of lading. (25 marks)
QUESTION 4 Discuss the requirements and procedures that have to be