Exam 7: The International Legal Environment: Playing by the Rules

The _________ of the United States makes it illegal for companies to pay bribes to foreign officials, candidates, or political parties.

Under common law, the ownership of intellectual property is established by

Which country has enacted the most stringent green marketing laws to regulate the management and recycling of packaging waste?

Steps are being taken in common-law countries to codify commercial law, even though the primary basis of commercial law is common law.

The question of jurisdiction of U.S. law over acts committed outside the territorial limits of the country has been settled by the courts through application of a long-established principle of international law called the:

One purpose of antitrust enforcement in international commerce is to keep U.S. companies from imposing restrictions on exports by other U.S.-based competitors.

Ralph Richards's company has been attempting to solve a problem with a contract default by the Dutch government. He has tried conciliation but the two parties did not find any common ground on which they could begin a fruitful negotiation for settlement. What is likely to be the course of action that both the parties will try next?

Under the antiboycott law, U.S. companies are forbidden to participate in any unauthorized foreign boycott. Which situation brought about the antiboycott law in the U.S.?

Mariette's U.S.-based company is having a dispute with a Chinese partner. What method would be especially effective in resolving this dispute?

What is the most comprehensive multilateral agreement on intellectual property to date and covers a full range of rights that are embodied in current international agreements?

Charging what the market will bear is a suggested strategy for IP-rich firms to make money in China.

The first objective of ________ laws is to protect American consumers by ensuring that they benefit from products and ideas produced by foreign competitors as well as by domestic competitors.

Will leaving the country make an American businessman immune to U.S. laws? Explain your reasoning with specific examples.

Disputes relating to commercial transactions must be settled in courts and cannot be settled informally.

Widgets, Inc. is beginning to export its products to Taiwan, but it isn't sure if it needs a license to do so. The responsibility of determining if a license is required rests with the Taiwanese company that is purchasing the products.

Compare and contrast the two types of licenses required for export.

What are cybersquatters? How do they operate and why are they a problem for businesses?

__________ law is derived from English law and is practiced in the U.S..

The sole requirement of an arbitration clause is that the parties agree to abide by the awards resulting from the process of arbitration.

Which form of law is primarily found in the United States, England, Canada, and other countries once under English influence?