Exam 6: International and Comparative Law

A(n) ________ is considered a tax that is levied on imported goods.

The United States has no bilateral trade agreements.

The United States is not a party to the Central American Free Trade Agreement.

Which of the following is true regarding international organizations?

[Lambswool tax] The U.S. and Canada are members of the World Trade Organization and GATT. Frustrated by the tough competition from Canadian suppliers, Lambswool suppliers in the U.S. have pressured Congress to pass a law requiring importers to pay a tax per pound of lambswool imported to the U.S. and restricting the number of pounds of lambswool imported from specific countries, including Canada. Wholly Wool, Inc., is a Canadian company that sells lambswool that is nearly identical to lambswool produced and sold in the U.S. -What type of trade barrier is the lambswool tax?

[Pet Products] Sonya, who has a successful pet products business, is planning to expand her operations from the U.S. into Canada and perhaps Mexico. A friend of hers, Troy, told her that she should carefully investigate the laws in those countries before she proceeded. Sonya responded, however, that she was not concerned because by international treaty, and under NAFTA, so long as she is a U.S. citizen, she only has to obey the U.S. laws. Laws of other countries would not apply to her business operations. Sonya also replied that any other country would have the same contract laws as exists in the U.S. She tells him that the Uniform Commercial Code (UCC) applies to all contracts and that as long as she has a written contract, she is covered. Sonya receives a contract from a Mexican company, signs it, drops it in the mail, and tells Troy the contract is complete. -Is Sonya correct that her contract with the Mexican company is complete when she drops it in the mail?

What countries are signatories to the North American Free Trade Agreement (NAFTA)?

The Convention on Contracts for the International Sale of Goods recognizes a concept by which a buyer may give notice to the seller that delivery will be accepted beyond the time prescribed in the contract. That concept is known as ________.

Which of the following refers to an agent who distributes, represents, or sells goods on behalf of a foreign seller?

Which of the following is a characteristic of civil law?