What Is the Name of the Organization Established by Seventeen

question 29

Multiple Choice

What is the name of the organization established by seventeen members of the Arab League in 2005 to eliminate trade barriers in the region?

• A) Gulf Cooperation Council
• B) Organization of Petroleum Exporting Countries (OPEC)
• C) Greater Arab Free-Trade Area (GAFTA)
• D) Hamas
• E) Palestinian Authority

Understand the adaptability of conventional drafting practices to enhance clarity.

Understand the concept of primary and secondary liability in negotiable instruments.

Differentiate between the liabilities of makers, drawers, and indorsers in negotiable instruments.

Recognize the effects of indorsements and warranties on negotiable instruments.

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Definitions:

Concurrent Federal Jurisdiction

The situation where both federal and state courts have the authority to hear and decide cases on the same issues.

Admiralty

Relating to maritime law, which governs nautical issues and private maritime disputes.

Treaties

Formal agreements between two or more sovereign states governed by international law.

Antitrust

Legislation enacted to increase competition in the marketplace by preventing monopolies, anti-competitive practices, and other unfair business tactics.