Question 1

Fabiola,Gabriella,or any foreign citizen,can bring a civil suit in a U.S.court

Accepted Answer

A) for a violation of a treaty of the United States only. 
B) for a violation of a treaty of the United States or the law of nations. 
C) for a violation of the law of nations only. 
D) under no circumstances. 
A) for a violation of a treaty of the United States only. 
B) for a violation of a treaty of the United States or the law of nations. 
C) for a violation of the law of nations only. 
D) under no circumstances. B

Question 2

Delphi,Ltd. ,imports appliances made in Southeast Asia into the United States.To obtain a larger share of the U.S.market,Delphi sells the appliances at lower prices here than in its exporting countries.With respect to these imports,the United States may

Accepted Answer

A) do nothing. 
B) assess antidumping duties. 
C) order the return of the appliances to the exporting countries. 
D) confiscate the appliances without just compensation. 
A) do nothing. 
B) assess antidumping duties. 
C) order the return of the appliances to the exporting countries. 
D) confiscate the appliances without just compensation. B

Question 3

Two Japanese firms-Mikato,Ltd. ,and Shuzushi,Ltd.-enter into a joint venture in an attempt to in?crease their market share of the U.S.auto market.A U.S.court could ex?ercise jurisdiction over the firms

Accepted Answer

A) if the joint venture has a substantial effect on U.S.commerce. 
B) if the joint venture has any effect on U.S.commerce. 
C) if the joint venture was entered into in the United States. 
D) under no circumstances. 
A) if the joint venture has a substantial effect on U.S.commerce. 
B) if the joint venture has any effect on U.S.commerce. 
C) if the joint venture was entered into in the United States. 
D) under no circumstances. A

Question 4

The Foreign Sovereign Immunities Act broadly defines com?mercial activity.

Accepted Answer

A) True 
 B)False

Question 5

The principle of comity is based primarily on an international treaty.

Accepted Answer

A) True 
 B)False

Question 6

In a common law system,judicial precedents are not binding.

Accepted Answer

A) True 
 B)False

Question 7

The United States and other members of a certain organization agree to grant normal trade relations (NTR)status on each other with regard to im?ports and exports.This organi?zation is

Accepted Answer

A) the Convention on Contracts for the International Sale of Goods. 
B) the International Export-Import Bank. 
C) the United Nations. 
D) the World Trade Organization. 
A) the Convention on Contracts for the International Sale of Goods. 
B) the International Export-Import Bank. 
C) the United Nations. 
D) the World Trade Organization.

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

Savory Cooking Sauces,Inc. ,a U.S.business firm,makes and sells distinc?tively flavored cooking sauces.Although the recipes are secret,the ingre?di?ents could be revealed and the sauces could be reconstructed with dili?gent efforts.What can Savory do to prevent its products from being "decoded" and pirated abroad?

Accepted Answer

One possibility is that Savory Cooking S

Question 10

Innovative Manufacturing Company,a U.S.firm,signs a contract with Librador Corporacion,a Columbian firm,to give Librador the right to use Innovative's production processes.This is

Accepted Answer

A) a distribution agreement. 
B) a joint venture. 
C) direct exporting. 
D) licensing. 
A) a distribution agreement. 
B) a joint venture. 
C) direct exporting. 
D) licensing.

Question 11

Franchising is a form of licensing.

Accepted Answer

A) True 
 B)False

Question 12

In Islamic countries,the law is often influenced by the religious law of Islam.

Accepted Answer

A) True 
 B)False

Question 13

The management of Sportz Shoes Corporation,a U.S.firm,wants to expand into foreign investment and employment markets.They are considering ei?ther opening their own production facility in a foreign country or enter?ing into a licensing agreement with a foreign firm.What are the advan?tages and disadvantages of each of these courses of action?

Accepted Answer

One of the advantages of opening a wholl

Question 14

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

Accepted Answer

A) a distribution agreement. 
B) a joint venture. 
C) direct exporting. 
D) licensing. 
A) a distribution agreement. 
B) a joint venture. 
C) direct exporting. 
D) licensing.

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

Fact Pattern 23-1B 
Sociedad Guarantia (SG),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 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 23-1B.The U.S.court in Tri-national's suit is most likely to apply the principle of comity because

Accepted Answer

A) the actions of foreign nations "taken in connection with commer?cial activities" are exempt from the jurisdiction of U.S.courts. 
B) the bankruptcy proceedings in the Mexican court appear to be fun?damentally fair and not in violation of U.S.public policy. 
C) the courts of one country will not review the validity of acts by the courts of another country within their own jurisdiction. 
D) the nations of the world are constitutionally bound to honor the ac?tions of each others' courts. 
A) the actions of foreign nations "taken in connection with commer?cial activities" are exempt from the jurisdiction of U.S.courts. 
B) the bankruptcy proceedings in the Mexican court appear to be fun?damentally fair and not in violation of U.S.public policy. 
C) the courts of one country will not review the validity of acts by the courts of another country within their own jurisdiction. 
D) the nations of the world are constitutionally bound to honor the ac?tions of each others' courts.

Question 17

Tariffs are taxes on exports.

Accepted Answer

A) True 
 B)False

Question 18

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

Accepted Answer

A) True 
 B)False

Question 19

Expando Global Corporation,a U.S.firm,establishes a wholly owned subsidiary firm in Germany.In this situation,Expando retains complete ownership of

Accepted Answer

A) all of the facilities. 
B) only those facilities in the United States. 
C) none of the facilities. 
D) less than half of the facilities. 
A) all of the facilities. 
B) only those facilities in the United States. 
C) none of the facilities. 
D) less than half of the facilities.

Question 20

Expropriation occurs when a government seizes a private property for a proper public purpose and awards just compensation.

Accepted Answer

A) True 
 B)False

Exam 23: A: International Law in a Global Economy

Fabiola,Gabriella,or any foreign citizen,can bring a civil suit in a U.S.court

Delphi,Ltd. ,imports appliances made in Southeast Asia into the United States.To obtain a larger share of the U.S.market,Delphi sells the appliances at lower prices here than in its exporting countries.With respect to these imports,the United States may

Two Japanese firms-Mikato,Ltd. ,and Shuzushi,Ltd.-enter into a joint venture in an attempt to in?crease their market share of the U.S.auto market.A U.S.court could ex?ercise jurisdiction over the firms

The Foreign Sovereign Immunities Act broadly defines com?mercial activity.

The principle of comity is based primarily on an international treaty.

In a common law system,judicial precedents are not binding.

The United States and other members of a certain organization agree to grant normal trade relations (NTR)status on each other with regard to im?ports and exports.This organi?zation is

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

Innovative Manufacturing Company,a U.S.firm,signs a contract with Librador Corporacion,a Columbian firm,to give Librador the right to use Innovative's production processes.This is

Franchising is a form of licensing.

In Islamic countries,the law is often influenced by the religious law of Islam.

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

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

Tariffs are taxes on exports.

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

Expando Global Corporation,a U.S.firm,establishes a wholly owned subsidiary firm in Germany.In this situation,Expando retains complete ownership of

Expropriation occurs when a government seizes a private property for a proper public purpose and awards just compensation.

A: Introduction to Law and Legal Reasoning

B: Introduction to Law and Legal Reasoning

C: Introduction to Law and Legal Reasoning

D: Introduction to Law and Legal Reasoning

A: Courts and Alternative Dispute Resolution

B: Courts and Alternative Dispute Resolution

A: Court Procedures

B: Court Procedures

A: Constitutional Authority to Regulate Business

B: Constitutional Authority to Regulate Business

A: Ethics and Business Decision Making

B: Ethics and Business Decision Making

A: Intentional Torts and Privacy

B: Intentional Torts and Privacy

A: Negligence and Strict Liability

B: Negligence and Strict Liability

C: Negligence and Strict Liability

D: Negligence and Strict Liability

A: Intellectual Property and Internet Law

B: Intellectual Property and Internet Law

A: Criminal Law and Cyber Crimes

B: Criminal Law and Cyber Crime

A: Nature and Terminology

B: Nature and Terminology

C: Nature and Terminology

D: Nature and Terminology

A: Agreement in Traditional and E-Contracts

B: Agreement in Traditional and E-Contracts

A: Consideration

B: Consideration

A: Capacity and Legality

B: Capacity and Legality

A: Mistakes,fraud,and Voluntary Consent

B: Mistakes,fraud,and Voluntary Consent

A: The Statute of Frauds

B: The Statute of Frauds

A: Third Party Rights

B: Third Party Rights

A: Performance and Discharge

B: Performance and Discharge

A: Breach of Contract and Remedies

B: Breach of Contract and Remedies

A: The Formation of Sales and Lease Contracts

B: The Formation of Sales and Lease Contracts

C: The Formation of Sales and Lease Contracts

D: The Formation of Sales and Lease Contracts

A: Title,risk,and Insurable Interest

B: Title,risk,and Insurable Interest

A: Performance Breach of Sales Lease Contracts

B: Performance Breach of Sales Lease Contracts

A: Warranties and Product Liability

B: Warranties and Product Liability

B: International Law in a Global Economy

A: The Function Creation of Negotiable Instruments

B: The Function Creation of Negotiable Instruments

C: The Function Creation of Negotiable Instruments

D: The Function Creation of Negotiable Instruments

A: Transferability and Holder in Due Course

B: Transferability and Holder in Due Course

A: Liability,defenses,and Discharge

B: Liability,defenses,and Discharge

A: Checks,the Banking System,and E-Money