Exam 24: International and Space Law

Venezuela seizes the assets of World Oil Inc., a U.S. firm. World Oil's recovery from Venezuela in a U.S. court may be prevented by

International law is formed as result of international customs, treaties, agreements, and organizations.

In the United States, each government agency that operates or authorizes spacecraft is responsible for complying with U.S. law and international treaties.

A foreign state is not immune from the jurisdiction of a U.S. court when it has engaged in commercial activity within the United States.

When a foreign country represents a substantial market for a U.S. manufacturer, the firm may enter into an agreement for the distribution of its products in that market by a foreign distributor.

The Outer Space Treaty declares that internationally recognized political boundaries extend from Earth into the farthest reaches of space.

The government of Japan sets a limit on the amount of beef that can be imported from the United States. This is

A U.S. court can assert jurisdiction over a foreign government in a case involving the control of natural resources within that government's territory.

Comida de Chile S.A., an export company in Chile, and Deli Source Inc., an import form in the United States, enter into a contract. When Deli breaches the contract, Comida obtains an award of damages in a Chilean court. Comida then asks a U.S. court to enforce the award. The U.S. court defers to and enforces the Chilean court's decree. This is an application of

When a foreign government acts as a "private party" in the market, its actions qualify as commercial activity for purposes of the Foreign Sovereign Immunities Act.

An export tax imposed by Congress would be unconstitutional.

Because exchanges of goods on a global level are routine, students of business law do not need to be familiar with laws pertaining to international business transactions.

Under the act of state doctrine, a U.S. court can rule on the validity of a foreign government's acts within its own territory.

Space Corporation launches exploratory space flights to the moon and Mars. The purpose is to discover and retrieve minerals and other resources. Under U.S. law, the corporate explorer

A company can export indirectly and thereby limit its involvement in an international market by making use of agency relationships.

Burger Bistros, a U.S. firm, makes a deal with a Canadian firm, Donny's Diners, that allows Donny's to use Burger's trade name in Canada in return for a fee. This is

Resort Hotel Corporation, a U.S. firm, establishes a wholly owned subsidiary in Singapore. As a parent corporation, with respect to the subsidiary, Resort retains complete ownership of

In an action by a domestic business to attach a foreign nation's property, the plaintiff must prove that the defendant is not entitled to sovereign immunity.

National laws-involving taxes, for example-do not become international law until they are applied beyond a nation's borders.

By means of an arbitration clause , the parties to an international business contract agree in advance to resolve any dispute without involving a third party.