Exam 6: International and Comparative Law

arrow
  • Select Tags
search iconSearch Question
flashcardsStudy Flashcards
  • Select Tags

There are three basic types of regional trade agreements: multilateral free trade agreements,customs unions,and bilateral free trade agreements.

Free
(True/False)
4.9/5
(40)
Correct Answer:
Verified

True

A[n] purchases goods from a seller for resale in a foreign market and actually takes title to the goods assuming the risk of being unable to resell them.

Free
(Multiple Choice)
4.9/5
(37)
Correct Answer:
Verified

C

[Weeds] Cecelia developed a product guaranteed to immediately kill weeds,but will absolutely not kill any other type of grass or shrub.She has encountered several individuals and businesses in other countries who would like to enter into contracts with her and market her products internationally.She consulted with Willie,who just graduated law school and has yet to pass the bar,and asked him for advice regarding those contracts.Willie proceeded to tell her that she should simply enter into the same type of contract with international businesses and individuals from other countries as she would if those individuals and businesses were located in the United States.He tells her that if there is any problem,then they will simply have to come to the United States to settle the matter,and that any issues would be determined in Cecelia's home county,in her home state,and under her state's law.He also mentions to her that she should consider contacting local foreign officials in the areas in which she would like her product sold,and suggest to them that she can contribute heavily to election campaigns,if she is allowed without any trouble,to obtain necessary business licenses and approvals to do business. -Which of the following is true regarding Willie's advice that Cecelia should contact foreign officials regarding election campaign contributions?

Free
(Multiple Choice)
4.7/5
(32)
Correct Answer:
Verified

B

[Miracle Face] Yoshe developed a great new type of face cream guaranteed to provide total sun protection,remove wrinkles,and result in anyone looking at least ten years younger.Her product,Miracle Face,became extremely popular in the U.S. ,where she has several shops,and also in other countries to which it was shipped.Yoshe has a number of individuals in other countries seeking to team with her in selling Miracle Face.Sam,a citizen of Mexico,asks that she grant him permission to use her name and any associated trademarks,and allow him to sell Miracle Face in Mexico.Yoshe has an offer,however,from another Mexican citizen,Nora.Nora proposes that she and Yoshe associate together,open a business to sell Miracle Face,and share profits and management responsibilities.Yoshe has also thought about opening her own business in Mexico in conformity with Mexican laws.She would then,hire employees in Mexico to sell the product.Another matter Yoshe has considered is simply arranging for her products to be shipped to Mexico for sale,and she is interested in the effect of any trade agreements in effect between the U.S.and Mexico. -Assuming that Yoshe decides to make the deal Sam proposes,Sam would be referred to as an) and Yoshe would be referred to as an).

(Multiple Choice)
4.8/5
(39)

Which of the following is a characteristic of civil law?

(Multiple Choice)
4.8/5
(29)

Define tariffs and how they may be calculated.Additionally,define a nontariff barrier and list and define three types of non-tariff barriers.

(Essay)
4.7/5
(31)

Which of the following systems originated from the English legal system?

(Multiple Choice)
4.8/5
(36)

According to the General Agreement on Tariffs and Trade,a subsidy is a government financial contribution that allots a benefit to a specific industry or enterprise.

(True/False)
4.9/5
(34)

Many are derived from Roman law.

(Multiple Choice)
4.7/5
(43)

Wholly Wool's President claims the United States is in violation of GATT because of the improper restriction on the amount of lambswool that can be imported.Is he correct?

(Multiple Choice)
4.7/5
(41)

principle requires that World Trade Organization member states treat like goods coming from other World Trade Organization member states on an equal basis.

(Multiple Choice)
4.7/5
(32)

A is a free trade area with the additional feature of a common external tariff on products originating from outside the union.

(Multiple Choice)
4.8/5
(41)

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

(Multiple Choice)
4.8/5
(34)

Does an Illinois court have general personal jurisdiction over DroneTek?

(Multiple Choice)
4.8/5
(32)

Which of the following is not true about common law systems?

(Multiple Choice)
4.8/5
(34)

Which of the following is a tax levied on imported goods?

(Multiple Choice)
4.9/5
(27)

Albert has a great idea for a new vacuum cleaner and received a patent for his design.Albert finds a Canadian company to sell his vacuum cleaners in Canada,but Albert wants to ensure his patented idea is protected.What type of contract should Albert negotiate with the Canadian company?

(Multiple Choice)
4.8/5
(38)

For a U.S.court judgment to be enforceable,the court must have either personal jurisdiction or subject-matter jurisdiction.

(True/False)
4.9/5
(31)

A foreign sales representative does the same thing as a distributor when conducting business internationally.

(True/False)
4.9/5
(33)

Which of the following is the most common legal system in the world?

(Multiple Choice)
4.8/5
(38)
Showing 1 - 20 of 90
close modal

Filters

  • Essay(0)
  • Multiple Choice(0)
  • Short Answer(0)
  • True False(0)
  • Matching(0)