Exam 3: International Law

The law governing the acquisition of territory and the settlement of disputes among nations is public international law.

The primary goal of the North American Free Trade Agreement (NAFTA)was to

The European Union has adopted a currency known as the

What is a major argument by the United States against the GATT Treaty?

Extraterritoriality can be defined as

Which of the following statements best describes common law?

The International Court of Justice (ICJ)has not been an important force in resolving international business disputes.In fact,in its seven-decade history,the ICJ has heard fewer than 200 cases.Which of the following statements regarding the ICJ is NOT true?

The doctrine of stare decisis is fundamental to

Law governing relations among governments and international organizations is referred to as _______,while law that applies to private parties in international commercial and legal transactions is referred to as _______.

NAFTA is a trade agreement between the United States,Canada and Mexico.

One of the reasons the International Court of Justice (ICJ)is so vital to the resolution of international business disputes is that all parties are bound by the ICJ's decisions.Because of this,the Court has vast enforcement power.

The United States and Argentina have signed the Convention on Contracts for the International Sale of Goods (CISG).Oxtron,Inc.,a U.S.company,and Leer,an Argentinean company,have entered into a contract under which Oxtron is to ship medical devices to Leer.The contract does not include a choice of law provision.The contract will be governed by

The Foreign Sovereign Immunities Act (FSIA)provides that American courts generally cannot hear suits against foreign governments.Describe the three possible exceptions to this rule.

Which principle of Islamic law prohibits any contract gain that is not clearly outlined at the time of contract,especially when it involves risk and deception?

Historically,many countries had dissimilar and confusing intellectual property rules covering copyrights,trademarks,and patents.Which of the following served to clarify and harmonize the trade related aspects of intellectual property?

If a foreign government hires an American consulting firm to help the country's textile industry improve production operations, the contract is commercial, and if the foreign government refuses to pay, the consulting firm may sue the government in American courts.

The Uniform Money Judgments Recognition Act provides that U.S.courts will recognize foreign judgments provided certain conditions are met.Which of the following is NOT one of those conditions?

How did it come about that China,France,Russia,the United Kingdom and the United States are the five permanent members of the United Nations Security Council?

The Foreign Corrupt Practices Act prohibits bribery abroad.

_______ is the term used to describe certain fundamental principles of international law that cannot be altered by custom or practice.