Exam 46: International Business Law

A specialized U.N. agency or a U.N. organ may seek an advisory opinion from the International Court of Justice, but an individual or a sovereign state may not.

The U.S. Constitution provides that all valid treaties, which are agreements among independent nations, have the force of federal statutes.

What form of organization enables a multinational enterprise to retain control and authority over all phases of operation?

Azurzerapi Corporation plans to start marketing products worldwide. What forms of multinational business enterprise should it consider?

The CISG specifically excludes sales of which of the following?

The U.N. Commission on International Trade Law develops model laws, such as the CISG and the UNCITRAL Model Law on Electronic Signatures.

The seller contracts directly with the buyer in the other country under a:

The WTO administers trade agreements but does not get involved with dispute resolution.

The World Bank established the Multilateral Investment Guarantee Agency to encourage increased investment in developing nations.

Sovereign immunity is absolute immunity from the courts of a host country.

The United States belongs to which multinational treaty for patent protection?

The U.N. Convention on Contracts for the International Sales of Goods (CISG) includes provisions relating to which of the following?

Because there is no international currency, nations have sought to ease the flow of capital between them.

Discuss how an owner of intellectual property protects those rights in other countries.

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

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

What is the basic purpose of the World Trade Organization (WTO)?

The various forms of MNE include:

A multinational enterprise wishing to exploit a patent may choose to sell a foreign company the right to use the property rather than entering the foreign market itself. The sale of such rights is licensing.

Kelly has just been appointed the manager of a company that has begun the direct export of its product. What precautions should he take to assure that the company will in fact be paid for its products when the company has never dealt with the buyers before and is new to the international legal environment?