Question 1

Explain how private,public,and public international law come into play in international transactions.

Accepted Answer

Transactions between private parties in

Question 2

International business transactions require,by definition,parties in

Accepted Answer

A) agreeing to bilateral treaties and trade agreements. 
B) two or more different countries. 
C) questions of public international law. 
D) the NAFTA or the GATT treaties. 
E) both private law and public law. 
A) agreeing to bilateral treaties and trade agreements. 
B) two or more different countries. 
C) questions of public international law. 
D) the NAFTA or the GATT treaties. 
E) both private law and public law.

Question 3

When would a government typically impose measures to deal with dumping or export subsidization? What measures might this government take?

Accepted Answer

This government should determine the nat

Question 4

Courts require that an action have some "connecting factor" or a "real and substantial connection" with the country or province in which the party seeks to bring the action.The question of whether a court will hear an action and allow a lawsuit to proceed in the court of that jurisdiction is called

Accepted Answer

A) ultra vires. 
B) foreign jurisdiction. 
C) parallel proceedings. 
D) assume jurisdiction. 
E) multiple proceedings. 
A) ultra vires. 
B) foreign jurisdiction. 
C) parallel proceedings. 
D) assume jurisdiction. 
E) multiple proceedings.

Question 5

A,based in Canada,enters into a contract for the sale of goods to B in Germany.The contract provides that A is to make the goods available to B at A's own warehouse.In this case,the arrangement between A and B is

Accepted Answer

A) a DDP contract. 
B) an FOB contract. 
C) a CIF contract. 
D) an EXW contract. 
E) none of the above 
A) a DDP contract. 
B) an FOB contract. 
C) a CIF contract. 
D) an EXW contract. 
E) none of the above

Question 6

SlamDunk Inc. ,a Vancouver,B.C. ,firm,agrees to sell to SuperVideo Ltd.of Barcelona,Spain,500 video games with DDP terms.This means that SlamDunk will arrange for and pay the cost of shipping,the insurance,and the

Accepted Answer

A) export license. 
B) brokerage fee. 
C) inspection fee. 
D) agent's commission. 
E) import duties. 
A) export license. 
B) brokerage fee. 
C) inspection fee. 
D) agent's commission. 
E) import duties.

Question 7

Explain what a Canadian court would do to determine whether to permit the enforcement of a judgment obtained in a foreign country.

Accepted Answer

The Canadian court would determine if th

Question 8

A foreign plaintiff with no assets in Canada will likely be ordered to pay security for costs in an action at law commenced in Canada.Explain.

Accepted Answer

Since the cost of a lawsuit in Canada ca

Question 9

Dumping is the process where

Accepted Answer

A) a foreign firm sells goods in Canada at prices lower than it sells these same goods for in its own domestic market. 
B) domestic producers of similar products cannot compete on price. 
C) the government is required to impose countervailing duties. 
D) a foreign government provides special benefits to its producer in order to assist them to export into Canada. 
E) many consumers are alienated toward the product because of the quality. 
A) a foreign firm sells goods in Canada at prices lower than it sells these same goods for in its own domestic market. 
B) domestic producers of similar products cannot compete on price. 
C) the government is required to impose countervailing duties. 
D) a foreign government provides special benefits to its producer in order to assist them to export into Canada. 
E) many consumers are alienated toward the product because of the quality.

Question 10

Foreign direct investment (FDI)is not normally conducted through the establishment of

Accepted Answer

A) a branch. 
B) a subsidiary. 
C) a hostile takeover. 
D) a joint venture. 
A) a branch. 
B) a subsidiary. 
C) a hostile takeover. 
D) a joint venture.

Question 11

Use the fact situation in Q12 to answer the related question that follows. If A institutes an action in Ontario against B,what argument(s)will B most likely raise to transfer the action to Geneva to be heard by a Swiss court?

Accepted Answer

A) that the cost of bringing all of the parties from Geneva would be staggering 
B) that the majority of the parties are in Geneva 
C) that the negotiations were held in Geneva 
D) that the manufacturing plant is in Geneva 
E) all of the above 
A) that the cost of bringing all of the parties from Geneva would be staggering 
B) that the majority of the parties are in Geneva 
C) that the negotiations were held in Geneva 
D) that the manufacturing plant is in Geneva 
E) all of the above

Question 12

Anti-dumping duties may be levied when one country's goods are dumped in another country.

Accepted Answer

A) True 
 B)False

Question 13

Agricultural products fall within the scope of NAFTA.

Accepted Answer

A) True 
 B)False

Question 14

What are "Incoterms"?

Accepted Answer

This is a set of standard term

Question 15

The decision to invest in a foreign jurisdiction carries with it many risks.The possibility of the host country government assuming ownership of a foreign investor's assets is referred to as

Accepted Answer

A) forum non conveniens. 
B) national party autonomy. 
C) expropriation. 
D) joint venture. 
E) export subsidy. 
A) forum non conveniens. 
B) national party autonomy. 
C) expropriation. 
D) joint venture. 
E) export subsidy.

Question 16

In Canada,a foreign corporation must be licensed or registered to acquire standing to bring a lawsuit in Canada.

Accepted Answer

A) True 
 B)False

Question 17

Where a Canadian company makes an investment in a foreign country,Canada is considered to be the "host" country.

Accepted Answer

A) True 
 B)False

Question 18

A,based in Canada,has a contract with B,in Denmark,for the sale by A to B of certain goods.The contract specifies that A bears responsibility for shipping the goods and for insuring them.In this case,A and B have entered into

Accepted Answer

A) an EXW contract. 
B) a CIF contract. 
C) an FOB contract. 
D) a DDP contract. 
E) none of the above 
A) an EXW contract. 
B) a CIF contract. 
C) an FOB contract. 
D) a DDP contract. 
E) none of the above

Question 19

An export sale normally requires at least four documents.These include all of the following EXCEPT

Accepted Answer

A) the contract of sale. 
B) the bill of lading. 
C) the insurance policy or certificate. 
D) the letter of credit. 
E) the invoice. 
A) the contract of sale. 
B) the bill of lading. 
C) the insurance policy or certificate. 
D) the letter of credit. 
E) the invoice.

Question 20

An export sale normally requires at least

Accepted Answer

A) the insurance policy or certificate. 
B) the contract of sale. 
C) the bill of lading. 
D) the invoice. 
E) all of the above 
A) the insurance policy or certificate. 
B) the contract of sale. 
C) the bill of lading. 
D) the invoice. 
E) all of the above

Exam 30: International Business Transactions

Explain how private,public,and public international law come into play in international transactions.

International business transactions require,by definition,parties in

When would a government typically impose measures to deal with dumping or export subsidization? What measures might this government take?

Courts require that an action have some "connecting factor" or a "real and substantial connection" with the country or province in which the party seeks to bring the action.The question of whether a court will hear an action and allow a lawsuit to proceed in the court of that jurisdiction is called

A,based in Canada,enters into a contract for the sale of goods to B in Germany.The contract provides that A is to make the goods available to B at A's own warehouse.In this case,the arrangement between A and B is

SlamDunk Inc. ,a Vancouver,B.C. ,firm,agrees to sell to SuperVideo Ltd.of Barcelona,Spain,500 video games with DDP terms.This means that SlamDunk will arrange for and pay the cost of shipping,the insurance,and the

Explain what a Canadian court would do to determine whether to permit the enforcement of a judgment obtained in a foreign country.

A foreign plaintiff with no assets in Canada will likely be ordered to pay security for costs in an action at law commenced in Canada.Explain.

Dumping is the process where

Foreign direct investment (FDI)is not normally conducted through the establishment of

Use the fact situation in Q12 to answer the related question that follows. If A institutes an action in Ontario against B,what argument(s)will B most likely raise to transfer the action to Geneva to be heard by a Swiss court?

Anti-dumping duties may be levied when one country's goods are dumped in another country.

Agricultural products fall within the scope of NAFTA.

What are "Incoterms"?

The decision to invest in a foreign jurisdiction carries with it many risks.The possibility of the host country government assuming ownership of a foreign investor's assets is referred to as

In Canada,a foreign corporation must be licensed or registered to acquire standing to bring a lawsuit in Canada.

Where a Canadian company makes an investment in a foreign country,Canada is considered to be the "host" country.

A,based in Canada,has a contract with B,in Denmark,for the sale by A to B of certain goods.The contract specifies that A bears responsibility for shipping the goods and for insuring them.In this case,A and B have entered into

An export sale normally requires at least four documents.These include all of the following EXCEPT

An export sale normally requires at least

Law, society, and Business

The Machinery of Justice

Government Regulation of Business

The Law of Torts

Professional Liability: the Legal Challenges

Formation of a Contract: Offer and Acceptance

Formation of a Contract: Consideration and Intention

Formation of a Contract: Capacity to Contract and Legality of Object

Grounds Upon Which a Contract May Be Set Aside: Mistake and Misrepresentation

Writing and Interpretation

Privity of Contract and the Assignment of Contractual Rights

The Discharge of Contracts

Breach of Contract and Its Remedies

Sale of Goods and Consumer Contracts

Bailment and Leasing

Insurance and Guarantee

Agency and Franchising

The Contract of Employment

Negotiable Instruments

Intellectual Property

Interests in Land and Their Transfer

Landlord and Tenant

Mortgages of Land and Real Estate Transactions

Sole Proprietorships and Partnerships

The Nature of a Corporation and Its Formation

Corporate Governance: the Internal Affairs of Corporations

Corporate Governance: External Responsibilities

Secured Transactions

Creditors Rights

Electronic Commerce

Privacy

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