Question 1

Generally,consumers are not adversely affected by tariffs since tariffs affect wholesale prices,not retail prices.

Accepted Answer

A) True 
 B)False

Question 2

Tariffs are generally higher in developing countries than in developed countries.

Accepted Answer

A) True 
 B)False

Question 3

Multinational enterprises are companies doing business in several countries simultaneously.

Accepted Answer

A) True 
 B)False

Question 4

International comity holds that the courts of one nation lack the jurisdiction to hear suits against foreign governments.

Accepted Answer

A) True 
 B)False

Question 5

Kjell is the vice president of international sales for Oxtren,Inc,a U.S.company.To secure a multimillion dollar contract for his company,Kjell paid a Mongolian governmental officer $10,000.Kjell:

Accepted Answer

A)  has violated the Foreign Corrupt Practices Act. 
B)  has not violated the Foreign Corrupt Practice Act because the payment was a grease payment. 
C)  has not violated the Foreign Corrupt Practices Act because the government official was from Mongolia, not the United States. 
D)  has not done anything illegal because Congress has not ratified the Convention of Combatting Bribery of Foreign Public Officials in International Transactions. 
A)  has violated the Foreign Corrupt Practices Act. 
B)  has not violated the Foreign Corrupt Practice Act because the payment was a grease payment. 
C)  has not violated the Foreign Corrupt Practices Act because the government official was from Mongolia, not the United States. 
D)  has not done anything illegal because Congress has not ratified the Convention of Combatting Bribery of Foreign Public Officials in International Transactions.

Question 6

The Presidents of Oxtron,Inc.,a U.S.company,and Dunka,Inc.a German company,met in Munich,Germany.Oxtron and Dunka are direct competitors in over-the-counter medicines.The presidents agree to fix prices on their major products.This agreement may violate U.S.antitrust law even though the agreement was made in Germany.

Accepted Answer

A) True 
 B)False

Exam 9: International Law

Generally,consumers are not adversely affected by tariffs since tariffs affect wholesale prices,not retail prices.

Tariffs are generally higher in developing countries than in developed countries.

Multinational enterprises are companies doing business in several countries simultaneously.

International comity holds that the courts of one nation lack the jurisdiction to hear suits against foreign governments.

Kjell is the vice president of international sales for Oxtren,Inc,a U.S.company.To secure a multimillion dollar contract for his company,Kjell paid a Mongolian governmental officer $10,000.Kjell:

Introduction To Law

Business Ethics And Social Responsibility

Dispute Resolution

Common Law,Statutory Law,And Administrative Law

Constitutional Law

Intentional Torts And Business Torts

Negligence And Strict Liability

Crime

Introduction To Contracts

Agreement

Consideration

Legality

Capacity And Consent

Written Contracts

Third Parties

Performance And Discharge

Remedies

Practical Contracts

Introduction To Sales

Ownership And Risk

Warranties And Product Liability

Performance And Remedies

Secured Transactions

Creating A Negotiable Instrument

Liability For Negotiable Instruments

Accountants' Liability

Agency Law

Employment Law

Labor Law

Starting A Business

Partnerships

Life And Death Of A Corporation

Corporate Management

Shareholders

Securities Regulation

Bankruptcy

Antitrust

Consumer Law

Environmental Law

Cyberlaw

Intellectual Property

Real Property And Tenant-landlord Law

Personal Property And Bailment

Planning For The Future: Wills,Trusts,And Insurance

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