Exam 52: International Law in a Global Economy

Vieux Carré S.A., a French firm, imports its goods into the United States and offers those goods for sale at "less than fair value." "Fair value" is the price of

Global Properties, Inc. (GPI), a U.S. firm, owns property in Hong Kong. The government in Hong Kong takes GPI's property without paying for it. A U.S. court will proba?bly not examine the validity of this act commit?ted by China within its own territory, under

A foreign state is immune from the jurisdiction of U.S. courts as long as the state is involved in commercial activity in the United States.

The Council of Ministers and the Court of Justice are among the govern?ing authorities of an international trading organization known as

Legal systems around the world are generally divided into common law and civil law systems.

In a civil law system, the only official source of law is a statutory code.

Franchising is a form of licensing.

Diners Corporation, a U.S. firm, signs a contract with Essen, A,G., a German firm, to give Essen the right to use Diners' trademark in restau?rants in Germany. This is

Exotic Pets, Inc., exports goods from the United States in violation of ex?port laws. Fiery Products Corporation makes its goods in the United States, where Fiery sometimes sells them for less than cost. Anti?dumping duties may be imposed on

The government of the United States and the governments of other nations have the power to enforce their respective national laws within their borders. The power to enforce international law within the borders of all nations rests with

The United States is a member of the World Trade Organization, which, among its members,

Yoko, Ltd., and Zeno, S.A., transact an international sale of goods. For these parties, and other international buyers and sellers, the United Nations Convention on Contracts for the International Sale of Goods spells out the duties that apply

All nations have restrictions on imports.

The act of state doctrine provides that only a head of state can make trea?ties with an?other nation.

International law is a body of law that governs relations among nations.

Eagle, Inc., a U.S. firm, contracts with Fong, Ltd., a Hong Kong firm, al?lowing Fong to use and profit from Eagle's patented products. This is

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.

Restrictions on imports may include quotas.

Sam, or any U.S. citizen, can bring a civil suit in a U.S. court against a foreign entity for

Fact Pattern 52-1B Sociedad Guarantia , a Mexican firm, borrows $1 million from Tri-national Bank, a U.S. firm. Later, SG files for bankruptcy under Mexican law and asks the Mexican court to order the reimbursement of certain payments on the loan. Tri-national files a suit against SG in a U.S. court, arguing that the funds do not belong to SG. -Refer to Fact Pattern 52-1B. Under the principle of comity, the U.S. court in Tri-national's suit is most likely to