Question 1

The doctrine of sovereign immunity can immunize a foreign nation from the jurisdiction of U.S. courts.

Accepted Answer

A) True 
 B)False

Question 2

Under the principle of comity, all foreign governments are subject to all U.S. laws.

Accepted Answer

A) True 
 B)False

Question 3

Quotas are limits on the amounts of goods that can be exported.

Accepted Answer

A) True 
 B)False

Question 4

According to the Foreign Sovereign Immunities Act, a foreign state that waived its immunity by implication is subject to the jurisdiction of the U.S. courts.

Accepted Answer

A) True 
 B)False

Question 5

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​

Accepted Answer

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. 
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.

Question 6

The basis fora foreign country to give effect to the laws and court decisions of the United States within their own country is primarily

Accepted Answer

A) to maintain diplomatic relations. 
B) fear and intimidation. 
C) admiration and envy. 
D) payments of cash and exchanges of property. 
A) to maintain diplomatic relations. 
B) fear and intimidation. 
C) admiration and envy. 
D) payments of cash and exchanges of property.

Question 7

In direct exporting, a U.S. company signs a sales contract with a foreign purchaser that provides for the conditions of shipment and payment of goods.

Accepted Answer

A) True 
 B)False

Question 8

​Global Holdings, Inc. owns property in Kazakhstan. The Kazakhstan government seizes the property. In order for the seizure to be considered an expropriation and not a confiscation, the Kazakhstan government must

Accepted Answer

A) pay just compensation to Global Holdings. 
B) pay just compensation to the U.S.government. 
C) obtain the approval of the United Nations. 
D) act in full accord with the laws of Kazakhstan. 
A) pay just compensation to Global Holdings. 
B) pay just compensation to the U.S.government. 
C) obtain the approval of the United Nations. 
D) act in full accord with the laws of Kazakhstan.

Question 9

Real World Sports Corporation (RWSC) is a U.S. firm with a workplace in Switzerland. Generally, RWSC must abide by U.S. anti-discrimination laws in Switzerland​

Accepted Answer

A) under any circumstances. 
B) under no circumstances. 
C) unless to do so would contravene the cultural norms of Switzerland. 
D) unless to do so would violate the law of Switzerland. 
A) under any circumstances. 
B) under no circumstances. 
C) unless to do so would contravene the cultural norms of Switzerland. 
D) unless to do so would violate the law of Switzerland.

Question 10

A party to a licensing agreement generally agrees to pay royalties on some basis.

Accepted Answer

A) True 
 B)False

Question 11

Foreign exchange markets comprise a worldwide system for buying and selling currency.

Accepted Answer

A) True 
 B)False

Question 12

Firms overseas have almost total legal protection against government acts in the countries in which they operate, under the act of state doctrine.

Accepted Answer

A) True 
 B)False

Question 13

Business Universal Corporation, a U.S. firm, establishes a wholly owned subsidiary firm in Brazil. In this situation, Business Universal retains complete control and authority over​

Accepted Answer

A) all of the operation. 
B) only the part of the operation in the United States. 
C) none of the operation. 
D) about half of the operation. 
A) all of the operation. 
B) only the part of the operation in the United States. 
C) none of the operation. 
D) about half of the operation.

Question 14

Nakeya and other foreign citizens allege environmental destruction committed overseas by the government of Cameroon on behalf of Earth Mining Company, a U.S. firm. To seek redress for their injuries in a U.S. court, these citizens can​

Accepted Answer

A) subject the private company to the provisions of the Sherman Act. 
B) bring civil suits under the Alien Tort Claims Act. 
C) file criminal complaints under Title VII of the Civil Rights Act. 
D) do nothing. 
A) subject the private company to the provisions of the Sherman Act. 
B) bring civil suits under the Alien Tort Claims Act. 
C) file criminal complaints under Title VII of the Civil Rights Act. 
D) do nothing.

Question 15

WiFi Corporation, a U.S. firm, signs a contract with Bueno Computadores, Ltd., an Argentinean firm, for a shipment and payment for WiFi's goods. This is​

Accepted Answer

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

Question 16

U.S. laws that prohibit discrimination in employment apply to U.S. employees working for U.S. firms located abroad.

Accepted Answer

A) True 
 B)False

Question 17

The simplest way for a U.S. firm to do business in a foreign market is to export its products directly to that market.

Accepted Answer

A) True 
 B)False

Question 18

International Media, Inc., a U.S. firm, expands into global markets through a joint venture. In the venture, International Media shares responsibilities and​

Accepted Answer

A) both the profits and liabilities. 
B) none of the profits or liabilities. 
C) the profits, but not the liabilities. 
D) the liabilities, but not the profits. 
A) both the profits and liabilities. 
B) none of the profits or liabilities. 
C) the profits, but not the liabilities. 
D) the liabilities, but not the profits.

Question 19

The Foreign Sovereign Immunities Act spells out what a "foreign state" includes.

Accepted Answer

A) True 
 B)False

Question 20

UniOil, a U.S. firm, owns property in Nicaragua. When the government of Nicaragua seizes the property, UniOil asks a U.S. court to order the property's return. The court rules that Nicaragua is exempt from the court's jurisdiction. This is​

Accepted Answer

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

Exam 25: International Law in a Global Economy

The doctrine of sovereign immunity can immunize a foreign nation from the jurisdiction of U.S. courts.

Under the principle of comity, all foreign governments are subject to all U.S. laws.

Quotas are limits on the amounts of goods that can be exported.

According to the Foreign Sovereign Immunities Act, a foreign state that waived its immunity by implication is subject to the jurisdiction of the U.S. courts.

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​

The basis fora foreign country to give effect to the laws and court decisions of the United States within their own country is primarily

In direct exporting, a U.S. company signs a sales contract with a foreign purchaser that provides for the conditions of shipment and payment of goods.

​Global Holdings, Inc. owns property in Kazakhstan. The Kazakhstan government seizes the property. In order for the seizure to be considered an expropriation and not a confiscation, the Kazakhstan government must

Real World Sports Corporation (RWSC) is a U.S. firm with a workplace in Switzerland. Generally, RWSC must abide by U.S. anti-discrimination laws in Switzerland​

A party to a licensing agreement generally agrees to pay royalties on some basis.

Foreign exchange markets comprise a worldwide system for buying and selling currency.

Firms overseas have almost total legal protection against government acts in the countries in which they operate, under the act of state doctrine.

Business Universal Corporation, a U.S. firm, establishes a wholly owned subsidiary firm in Brazil. In this situation, Business Universal retains complete control and authority over​

Nakeya and other foreign citizens allege environmental destruction committed overseas by the government of Cameroon on behalf of Earth Mining Company, a U.S. firm. To seek redress for their injuries in a U.S. court, these citizens can​

WiFi Corporation, a U.S. firm, signs a contract with Bueno Computadores, Ltd., an Argentinean firm, for a shipment and payment for WiFi's goods. This is​

U.S. laws that prohibit discrimination in employment apply to U.S. employees working for U.S. firms located abroad.

The simplest way for a U.S. firm to do business in a foreign market is to export its products directly to that market.

International Media, Inc., a U.S. firm, expands into global markets through a joint venture. In the venture, International Media shares responsibilities and​

The Foreign Sovereign Immunities Act spells out what a "foreign state" includes.

UniOil, a U.S. firm, owns property in Nicaragua. When the government of Nicaragua seizes the property, UniOil asks a U.S. court to order the property's return. The court rules that Nicaragua is exempt from the court's jurisdiction. This is​

Legal and Constitutional Foundations of Business

Courts and Alternative Dispute Resolution

Tort Law and Product Liability

Intellectual Property

Internet Law, Social Media, and Privacy

Criminal Law and Cyber Crime

Business Ethics

Agreement and Consideration in Contracts

Capacity, Legality, and Enforceability

Contract Performance, Breach, and Remedies

Sales and Lease Contracts

Performance and Breach in Sales and Lease Contracts

Consumer Law

Negotiable Instruments

Banking in the Digital Age

Creditors Rights and Bankruptcy

Agency Relationships in Business

Employment Law

The Entrepreneurs Options

Corporations

Investor Protection, Insider Trading, and Corporate Governance

Antitrust Law and Promoting Competition

Personal Property, Bailments, and Insurance

Real Property and Environmental Law

Filters

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

Global Holdings, Inc. owns property in Kazakhstan. The Kazakhstan government seizes the property. In order for the seizure to be considered an expropriation and not a confiscation, the Kazakhstan government must

Real World Sports Corporation (RWSC) is a U.S. firm with a workplace in Switzerland. Generally, RWSC must abide by U.S. anti-discrimination laws in Switzerland

Business Universal Corporation, a U.S. firm, establishes a wholly owned subsidiary firm in Brazil. In this situation, Business Universal retains complete control and authority over

Nakeya and other foreign citizens allege environmental destruction committed overseas by the government of Cameroon on behalf of Earth Mining Company, a U.S. firm. To seek redress for their injuries in a U.S. court, these citizens can

WiFi Corporation, a U.S. firm, signs a contract with Bueno Computadores, Ltd., an Argentinean firm, for a shipment and payment for WiFi's goods. This is

International Media, Inc., a U.S. firm, expands into global markets through a joint venture. In the venture, International Media shares responsibilities and

UniOil, a U.S. firm, owns property in Nicaragua. When the government of Nicaragua seizes the property, UniOil asks a U.S. court to order the property's return. The court rules that Nicaragua is exempt from the court's jurisdiction. This is