Exam 23: B: International Law in a Global Economy

A treaty is a contract or other agreement between two or more nations that must be ratified by the United Nations to take effect.

Confiscation occurs when a government seizes private property for an il?legal pur?pose and without just compensation.

Agro Co-op,Inc. ,and Bio Feed Corporation are exporting firms that join together to export a line of products.Agro Co-op and Bio Feed apply to Charter Bank for a loan to fund their effort.Under federal law,Charter and other U.S.banks are

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

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

China and India form an agreement to govern their commercial ex?changes with one another.This is

A foreign citizen can bring a civil suit in a U.S.court for a violation of a treaty of the United States.

Noggin Development Corporation,a U.S.firm,wishes to participate,but limit its involvement,in Middle Eastern markets.Noggin empowers Ousai,Ltd. ,a Dubai firm,to enter into contracts in certain countries on Noggin's behalf.This is

A party to a licensing agreement generally agrees to pay royalties on some basis.

In the global environment of business,the law of a particular nation,such as Brazil,China,or India,is classified as

Senator Smith and other politicians want to restrict the flow of technologically advanced products and data from the United States to other countries.To restrict or encourage exports,Congress can

Congress cannot impose any restrictions on exports except taxes.

Few nations have restrictions on imports.

U.S.antidiscrimination laws,as they affect employment relationships,generally do not apply extraterritorially.

Chile has a civil law system.In theory,in this system,the courts

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.

Qang and other foreign citizens allege human rights violations committed overseas by the government of Burma on behalf of Railway Construction Company,a U.S.firm.To seek redress for their injuries in a U.S.court,these citizens can

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 doctrine of sover?eign immu?nity can immunize a foreign nation from the jurisdiction of U.S.courts.

Continents Two Corporation,a U.S.firm,establishes a wholly owned subsidiary firm in Argentina.In this situation,Continents Two retains complete control and authority over