Exam 31: International Law in a Global Economy

US Cars,a U.S.firm,owns property in Argentina.The government of Argentina seizes the property.US Cars claims that this is confiscation.The government of Argentina claims that it is expropriation.The burden of proof lies with

A U.S.citizen can bring a civil suit in a U.S.court against a U.S.entity for a tort allegedly committed overseas.

WiFi Corporation,a U.S.firm,signs a contract with Bueno Computadores,Ltd.,an Argentinean firm,for a shipment and payment for WiFi's goods.This is

Canada and the United States form an agreement to govern their commercial ex-changes with one another.This is

The chief aim of the World Trade Organization and other trade agreements is to maximize trade barriers among their members.

Force majeure clauses in international business contracts commonly set forth the major clauses of the contracts.

International law is a body of law that governs relations between and among citizens,not countries.

Miranda is a U.S.citizen working in Europe for Tourist Vacations,Inc.,a U.S.travel agency.Tourist fires Miranda for reasons that she believes vio-late U.S.antidis-crimination laws.Those laws apply

The government of Japan sets a limit on the amount of rice that can be imported from the United States.This is

International franchisees usually do not pay fees for the license to use a trademark or trade name.

In direct exporting,a U.S.company signs a sales contract with a foreign purchaser that provides for the conditions of shipment and payment of goods.

In some cases,foreign states are not immune from the jurisdiction of U.S.courts.These circumstances are governed by

Foreign exchange markets comprise a worldwide system for buying and selling currency.

When a U.S.firm wishes to increase its involvement in an international market,it normally establishes an agency relationship with a foreign firm.

Confiscation occurs when a government seizes private property for an illegal purpose or without just compensation.

The simplest way for a U.S.firm to do business in a foreign mar-ket is to ex-port its products directly to that market.

Michael,a citizen of Ireland,and Nina,a citizen of the United States,enter into a contract.When Nina breaches the contract,Michael obtains an award of damages in an Irish court.He asks a U.S.court to enforce the award.The U.S.court defers to and enforces the Irish court's decree.This is

Expropriation occurs when a government seizes private property for a proper pur-pose and awards just compensation.

Metallic Metals,Inc.,a U.S.firm,files a suit against a Venezuela government agency.The agency has committed a tort in the United States.Under the Foreign Sovereign Immunities Act

Sudan seizes the assets of Triage Medical,Inc.,a U.S.firm.Triage's recovery from Sudan in a U.S.court may be prevented by