Exam 46: International Business Law

The international organization which seeks to stabilize currency exchange is the:

The International Anti-Bribery and Fair Competition Act of 1998 expands the FCPA to include:

Parties to an international sales contract may expressly exclude CISG governance from their contract.

Under U.S. law, the CISG does supersede the UCC whenever the CISG applies.

Since its inception in 1946, the U.N. Secretariat has registered and published approximately how many treaties that expressly or indirectly concern international business?

One risk of investing in foreign states is the risk that the host nation's government may take the investment property.

When a treaty and a right declared under a subsequent federal statute conflict, the treaty must prevail.

Like domestic law, international law can be easily enforced, because international courts have compulsory jurisdiction.

The World Trade Organization (WTO):

From a commercial standpoint, which of the following is considered the most important international treaty?

Peterson, an American exporter, sells lumber to Hydeaki, a Japanese importer, using a documentary letter of credit. In this situation, the correspondent bank will be in Japan.

A(n) is a clause apportioning the liability and responsibilities of the parties in the event of an unforeseeable and Unavoidable occurrence, such as a typhoon, tornado, or other disaster.

International agreements in the form of treaties:

Even if a U.S. company does not export goods, it is influenced by international business through competition from other countries.

Which of the following is not an exception to the act of state doctrine?

The ICJ is:

Sovereign states and individuals may request and receive advisory opinions from the International Court of Justice.

The Wall Street Reform and Consumer Protection Act of 2010 extends the extraterritorial reach of the antifraud provisions of the 1933 and 1934 securities acts with respect to actions brought by the United States and the SEC.

International courts have compulsory jurisdiction to resolve international disputes, and they have the authority to resolve an international dispute even if the parties to the dispute do not specifically accept the court's jurisdiction over the matter.

The United States and the country of El Guapo signed a treaty whereby the United States agreed to assist the Latin American country in controlling drug traffic. The United States, following the treaty, seized 100 square meters of Land and bulldozed it, because it was a suspected haven of drug smuggling. The land in question was in El Guapo, but belonged to an American citizen. Which of the following is most accurate?