Question 1

GATT is an example of a bilateral trade agreement.

Accepted Answer

A) True 
 B)False  False

Question 2

Under the doctrine of sovereign immunity, a country cannot be forced to answer civil or criminal charges in a U.S. court.

Accepted Answer

A) True 
 B)False  True

Question 3

Which of the following is a multilateral treaty?

Accepted Answer

A)  a treaty between the United States and Canada on acid rain 
B)  a treaty between Mexico and the United States on border drug traffic 
C)  a treaty between England, Japan, and the United States on trade with China 
D)  none of the above 
A)  a treaty between the United States and Canada on acid rain 
B)  a treaty between Mexico and the United States on border drug traffic 
C)  a treaty between England, Japan, and the United States on trade with China 
D)  none of the above C

Question 4

U.S. courts have no jurisdiction over foreign businesses with operations in the United States.

Accepted Answer

A) True 
 B)False

Question 5

PepsiCo entered into an agreement with the Indian government to provide training in farming techniques and return
40 percent of its profits from Indian operations to the government in order to obtain the right to do business in India. Describe all of the laws and principles of international law involved in this agreement.

Accepted Answer

The Indian government is engaged in expr

Question 6

Sunoco Oil Company had long-term oil supply contracts with KW, an oil company in Kuwait. The contracts were negotiated in 1989. The contracts ran smoothly until 1990, when armed forces from Iraq took possession of the oil- producing facilities of Kuwait. The eventual result was the Persian Gulf War which began in early 1991. Sunoco's oil was not delivered for over one year. Sunoco wishes to know its damage rights against KW for the year-long interruption in its oil supply.

Accepted Answer

Sunoco probably has a force majeure clau

Question 7

Most-favored-nation status is:

Accepted Answer

A)  part of the GATT treaty. 
B)  part of United States' trade policy only. 
C)  is only part of EU governance. 
D)  none of the above 
A)  part of the GATT treaty. 
B)  part of United States' trade policy only. 
C)  is only part of EU governance. 
D)  none of the above

Question 8

The Export Trading Company Act of 1982 provides an exception to U.S. antitrust laws in international markets.

Accepted Answer

A) True 
 B)False

Question 9

Swenson's wishes to challenge the actions of the Somali government in court. Which of the following best describes Swenson's right to do so?

Accepted Answer

A)  Swenson can file suit in federal district court in the United States and seek to have the confiscation issue addressed by a judge. 
B)  Swenson can file suit in federal district court in Somalia and seek to have the confiscation issue addressed by a judge. 
C)  Swenson is without remedy in this situation. 
D)  Under the Geneva Convention, the property must be returned to Swenson. 
A)  Swenson can file suit in federal district court in the United States and seek to have the confiscation issue addressed by a judge. 
B)  Swenson can file suit in federal district court in Somalia and seek to have the confiscation issue addressed by a judge. 
C)  Swenson is without remedy in this situation. 
D)  Under the Geneva Convention, the property must be returned to Swenson.

Question 10

Jack Zettler, a resident of Germany, works as an agent for Samson Enterprises, a U.S. company. Jack's job is to help negotiate steel rail contracts for Samson with the German government. Jack often takes German Department of Transportation officials out for beer or coffee to discuss Samson and its products. Which of the following statements is correct?

Accepted Answer

A)  Jack has violated the FCPA by offering government officials something of value. 
B)  Jack may have violated German law, but Samson is not subject to the FCPA provisions when doing business in Germany. 
C)  Neither Jack nor Samson has violated the FCPA. 
D)  Only U.S. employees working in other countries can violate the FCPA. 
A)  Jack has violated the FCPA by offering government officials something of value. 
B)  Jack may have violated German law, but Samson is not subject to the FCPA provisions when doing business in Germany. 
C)  Neither Jack nor Samson has violated the FCPA. 
D)  Only U.S. employees working in other countries can violate the FCPA.

Question 11

Forum selection clauses:

Accepted Answer

A)  are prohibited in cruise contracts. 
B)  are illegal under U.S. law. 
C)  eliminate liability. 
D)  none of the above 
A)  are prohibited in cruise contracts. 
B)  are illegal under U.S. law. 
C)  eliminate liability. 
D)  none of the above

Question 12

The Kyoto Treaty has now been ratified by all signatory countries.

Accepted Answer

A) True 
 B)False

Question 13

The Export Trading Company Act provides antitrust exemptions for international joint ventures.

Accepted Answer

A) True 
 B)False

Question 14

Expropriation is prohibited in countries that are members of the United Nations.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following countries base their legal systems on code law?

Accepted Answer

A)  Great Britain 
B)  Italy 
C)  France 
D)  Spain 
A)  Great Britain 
B)  Italy 
C)  France 
D)  Spain

Question 16

The LESCANT factors are a means of understanding various issues in cultures prior to beginning contract negotiations.

Accepted Answer

A) True 
 B)False

Question 17

Sovereign immunity protects individual nation's operations from outside interference.

Accepted Answer

A) True 
 B)False

Question 18

NGO officials are included as government officials for purposes of the Foreign Corrupt Practices Act .

Accepted Answer

A) True 
 B)False

Question 19

MFN stands for most favored nation status under GATT.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following is not a LESCANT factor?

Accepted Answer

A)  language 
B)  law 
C)  social organization 
D)  contexting 
A)  language 
B)  law 
C)  social organization 
D)  contexting

GATT is an example of a bilateral trade agreement.

Under the doctrine of sovereign immunity, a country cannot be forced to answer civil or criminal charges in a U.S. court.

Which of the following is a multilateral treaty?

U.S. courts have no jurisdiction over foreign businesses with operations in the United States.

Most-favored-nation status is:

The Export Trading Company Act of 1982 provides an exception to U.S. antitrust laws in international markets.

Swenson's wishes to challenge the actions of the Somali government in court. Which of the following best describes Swenson's right to do so?

Forum selection clauses:

The Kyoto Treaty has now been ratified by all signatory countries.

The Export Trading Company Act provides antitrust exemptions for international joint ventures.

Expropriation is prohibited in countries that are members of the United Nations.

Which of the following countries base their legal systems on code law?

The LESCANT factors are a means of understanding various issues in cultures prior to beginning contract negotiations.

Sovereign immunity protects individual nation's operations from outside interference.

NGO officials are included as government officials for purposes of the Foreign Corrupt Practices Act .

MFN stands for most favored nation status under GATT.

Which of the following is not a LESCANT factor?

Introduction to Law

Business Ethics and Social Responsibility

The Judicial System

Managing Disputes: Alternative Dispute Resolution and Litigation Strategies

Business and the Constitution

Administrative Law

Business Crime

Business Torts

Cyberlaw, Social Media, and Privacy

Environmental Regulation and Sustainability

Contracts and Sales: Introduction and Formation

Contracts: Performance, Remedies, and Rights

Sales: Product Advertising and Liability

Products: Business Intellectual Property

Business Competition: Antitrust

Management of Employee Conduct: Agency

Governance and Structure: Forms of Doing Business

Governance and Regulation: Securities Law

Management: Employee Welfare

Management: Employment Discrimination

Filters

Exam 7: International Law

GATT is an example of a bilateral trade agreement.

Under the doctrine of sovereign immunity, a country cannot be forced to answer civil or criminal charges in a U.S. court.

Which of the following is a multilateral treaty?

U.S. courts have no jurisdiction over foreign businesses with operations in the United States.

Most-favored-nation status is:

The Export Trading Company Act of 1982 provides an exception to U.S. antitrust laws in international markets.

Swenson's wishes to challenge the actions of the Somali government in court. Which of the following best describes Swenson's right to do so?

Forum selection clauses:

The Kyoto Treaty has now been ratified by all signatory countries.

The Export Trading Company Act provides antitrust exemptions for international joint ventures.

Expropriation is prohibited in countries that are members of the United Nations.

Which of the following countries base their legal systems on code law?

The LESCANT factors are a means of understanding various issues in cultures prior to beginning contract negotiations.

Sovereign immunity protects individual nation's operations from outside interference.

NGO officials are included as government officials for purposes of the Foreign Corrupt Practices Act .

MFN stands for most favored nation status under GATT.

Which of the following is not a LESCANT factor?

Introduction to Law

Business Ethics and Social Responsibility

The Judicial System

Managing Disputes: Alternative Dispute Resolution and Litigation Strategies

Business and the Constitution

Administrative Law

Business Crime

Business Torts

Cyberlaw, Social Media, and Privacy

Environmental Regulation and Sustainability

Contracts and Sales: Introduction and Formation

Contracts: Performance, Remedies, and Rights

Sales: Product Advertising and Liability

Products: Business Intellectual Property

Business Competition: Antitrust

Management of Employee Conduct: Agency

Governance and Structure: Forms of Doing Business

Governance and Regulation: Securities Law

Management: Employee Welfare

Management: Employment Discrimination

Filters