Filters
Question type

Study Flashcards

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


A) a travesty of justice.
B) the act of state doctrine.
C) the doctrine of sovereign immunity.
D) the principle of comity.

E) A) and B)
F) A) and C)

Correct Answer

verifed

verified

The United States and other members of a certain organization agree to grant normal trade relations (NTR) status to each other with regard to imports and exports.This organization is


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.

E) None of the above
F) C) and D)

Correct Answer

verifed

verified

Suisse Internationale,a Swiss maker of athletic equipment,enters into a price fixing agreement with Total World Sports,a U.S.wholesaler of Suisse's products.U.S.courts will apply U.S.antitrust laws if


A) the agreement was made in Switzerland.
B) the agreement was made in the United States.
C) the price fixing has a substantial effect on U.S.commerce.
D) the Swiss government agrees to be sued in the United States.

E) A) and D)
F) C) and D)

Correct Answer

verifed

verified

Generally,U.S.employers abroad must abide by U.S.discrimination laws unless to do so would violate the laws of the country where their workplaces are located.

A) True
B) False

Correct Answer

verifed

verified

The management of Sweet Soft Drinks Corporation,a U.S.firm,wants to expand into foreign investment and employment markets.They are considering either opening their own production facility in a foreign country or entering into a licensing agreement with a foreign firm.What are the advantages and disadvantages of each of these courses of action

Correct Answer

verifed

verified

One of the advantages of opening a wholl...

View Answer

Franchising is a form of licensing.

A) True
B) False

Correct Answer

verifed

verified

The act of state doctrine provides that the judicial branch of one country will examine the validity of public acts committed by a recognized foreign government within the latter's own territory.

A) True
B) False

Correct Answer

verifed

verified

The major difference between international law and national law is that government authorities can enforce national law.

A) True
B) False

Correct Answer

verifed

verified

Reality Financial Corporation,a U.S.firm,files a suit against Switzerland in a U.S.court.Switzerland claims foreign sovereign immunity.Under the Foreign Sovereign Immunities Act


A) Reality Financial must show that Switzerland is not entitled to sovereign immunity.
B) Switzerland must show that it is entitled to sovereign immunity.
C) the court must dismiss the suit without any showing.
D) the court may hear the suit but its decision will have no effect.

E) B) and D)
F) C) and D)

Correct Answer

verifed

verified

Optima Medico Corporation,a U.S.firm,signs a contract with Pharma Beneficial,Ltd.,a Canadian firm,to give Pharma the right to sell Optima's products in Canada.This is


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

E) All of the above
F) A) and C)

Correct Answer

verifed

verified

Yokio,Ltd.,and Zeno,S.A.,transact an international sale of goods.At the request of these parties,a court in Portugal resolves a dispute between them.A U.S.court will most likely honor the judgment


A) if it is consistent with U.S.laws and public policy.
B) if it is consistent with Portuguese laws and public policy.
C) if it does not benefit the U.S.to deny it.
D) under no circumstances.

E) C) and D)
F) None of the above

Correct Answer

verifed

verified

UniVision Corporation,a U.S.company,sets up a firm in Vietnam.UniVision remains in the United States and retains ownership of the Vietnamese branch,as well as authority and control over all phases of the operation.This is


A) a franchise.
B) a wholly owned subsidiary.
C) a joint venture.
D) direct exporting.

E) A) and C)
F) All of the above

Correct Answer

verifed

verified

Miranda is a U.S.citizen working in Europe for Tourist Vacations,Inc.,a U.S.travel agency.Tourist fires Miranda for reasons that she believes violate U.S.antidiscrimination laws.Those laws apply


A) extraterritorially.
B) only to signatories of the North American Free Trade Agreement.
C) only to members of the World Trade Organization.
D) only within U.S.borders.

E) B) and D)
F) None of the above

Correct Answer

verifed

verified

Few countries guarantee compensation to foreign investors if their property is taken.

A) True
B) False

Correct Answer

verifed

verified

Congresswoman Smith and other politicians want to prohibit the import of certain genetically modified agricultural products that they believe may pose a danger to domestic crops.With respect to these products' import,Congress can


A) do nothing.
B) impose quotas,but not tariffs.
C) impose tariffs,but not quotas.
D) prohibit the imports.

E) A) and D)
F) B) and C)

Correct Answer

verifed

verified

Dumping is the exporting of environmentally polluting goods to a foreign market.

A) True
B) False

Correct Answer

verifed

verified

Mountain Mining Company,a U.S.firm,owns property in Bolivia.The government of Bolivia seizes the property for an illegal purpose without paying just compensation.This is


A) confiscation.
B) defalcation.
C) dumping.
D) expropriation.

E) A) and B)
F) A) and C)

Correct Answer

verifed

verified

Each member of the World Trade Organization is obligated to treat other members at least as well as it treats the country that receives its most favorable treatment with regard to imports or exports.

A) True
B) False

Correct Answer

verifed

verified

Foreign citizens can bring civil suits in U.S.courts for injuries caused by violations of the law of nations or a treaty of the United States.

A) True
B) False

Correct Answer

verifed

verified

Global Marketing,Inc.,a U.S.firm,owns property in Honduras.The government in Honduras takes Global Marketing's property without paying for it.A U.S.court will probably not examine the validity of this act committed by Honduras within its own territory,under


A) the act of state doctrine.
B) the doctrine of sovereign immunity.
C) the principle of comity.
D) the World Trade Organization .

E) A) and D)
F) A) and C)

Correct Answer

verifed

verified

Showing 21 - 40 of 42

Related Exams

Show Answer