Exam 46: International Business Law

Under U.S.law,the CISG does supersede the UCC whenever the CISG applies.

Title VII of the Civil Rights Act of 1964,the Americans with Disabilities Act,and the Age Discrimination in Employment Act do not apply to U.S.citizens employed abroad by U.S.employers or by foreign companies controlled by U.S.employers.

Peterson,an American exporter,sells lumber to Hydeaki,a Japanese importer,using a documentary letter of credit.In this situation,the correspondent bank will be in Japan.

An increasing number of Americans enjoy French truffles and are willing to pay a premium price for the product.If the three leading French truffle firms meet in Paris and decide to raise prices in the American market by 15%,does this act violate the Sherman Act?

How is "sovereign immunity" interpreted under U.S.law today?

Patriot Press wishes to sell its products in a foreign country.However,it also wishes to retain some input over its operation in that country for quality control reasons.Which of the following forms of business would be the best for Patriot Press?

The General Agreement on Tariffs and Trade is now called the WTO.

The CISG specifically excludes sales of which of the following?

Like domestic law,international law can be easily enforced,because international courts have compulsory jurisdiction.

One of the objectives of NAFTA is to promote conditions of fair competition in the United States,Canada,and Mexico.

Yuki has been hired as the manager of a company that has just begun the direct export of its product.What precautions should she take to assure that the company would in fact be paid for its products when the company has never dealt with the buyer before and is new to the international legal environment?

The choice-of-forum clause in an international business transaction will dictate what country's law the forum will apply should a legal dispute arise.

Sovereign states and individuals may request and receive advisory opinions from the International Court of Justice.

NAFTA established a free trade area for the United States,Mexico,and Central America.

In 1993,The United States withdrew from participation in the General Agreement on Tariffs and Trade (GATT).

The ICJ is:

The Convention on Contracts for the International Sales of Goods (CISG)includes which of the following provisions?

In a foreign distributorship arrangement,the foreign distributorship in the importing country purchases the goods from the manufacturer in the exporting country.

The International Court of Justice consists of nine judges,only two of whom can be from the same sovereign state.

How does a distributor differ from an agent?