Question 1

International law is generally classified as either public or private international law.Compare and contrast these two types.

Accepted Answer

Public international law examines relati

Question 2

What is the primary requirement of the Hague Service Convention?

Accepted Answer

The primary requirement of the Hague Ser

Question 3

The parties to an arbitration conducted by the China International Economic and Trade Arbitration Commission cannot stipulate the location of the arbitration.

Accepted Answer

A) True 
 B)False

Question 4

The International Court of Justice has been a major force in settling disputes since it began functioning in 1946.

Accepted Answer

A) True 
 B)False

Question 5

Corporations and other business entities that violate the Foreign Corrupt Practices Act are subject to a fine of up to ______.

Accepted Answer

A)  $2,000,000 
B)  $5,000,000 
C)  $100,000 
D)  $500,000 
E)  $10,000,000 
A)  $2,000,000 
B)  $5,000,000 
C)  $100,000 
D)  $500,000 
E)  $10,000,000

Question 6

What is a franchise?

Accepted Answer

In appropriate circumstances,a domestic

Question 7

______,one of the major institutions of the European Union (EU),decides the nature and parameters of EU law.

Accepted Answer

A)  The Parliament 
B)  The Commission 
C)  The Court of Justice 
D)  The Council of Intervention 
E)  The Council of Ministers 
A)  The Parliament 
B)  The Commission 
C)  The Court of Justice 
D)  The Council of Intervention 
E)  The Council of Ministers

Question 8

The Convention on the International Sale of Goods resolves all areas of contract law.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following statements is true of the World Trade Organization?

Accepted Answer

A)  It is administered by the International Court of Justice. 
B)  It is authorized by the Security Council. 
C)  It has the authority to regulate world trade in any manner it desires. 
D)  It restricts tariffs on textiles, apparel, and forest products. 
E)  It funds the International Monetary fund. 
A)  It is administered by the International Court of Justice. 
B)  It is authorized by the Security Council. 
C)  It has the authority to regulate world trade in any manner it desires. 
D)  It restricts tariffs on textiles, apparel, and forest products. 
E)  It funds the International Monetary fund.

Question 10

Parties involved in an international business can agree on a neutral third party to act as an arbitrator even before a dispute arises.

Accepted Answer

A) True 
 B)False

Question 11

An expropriation is also considered to be a confiscation of property when

Accepted Answer

A)  the owner of property is not fairly compensated. 
B)  a property owned by a foreign company is seized by the U.S. government. 
C)  a property is purchased through corrupt payments. 
D)  a property is seized under the Racketeer Influenced and Corrupt Organizations Act. 
E)  the owner of the property is charged under the Foreign Corrupt Practices Act. 
A)  the owner of property is not fairly compensated. 
B)  a property owned by a foreign company is seized by the U.S. government. 
C)  a property is purchased through corrupt payments. 
D)  a property is seized under the Racketeer Influenced and Corrupt Organizations Act. 
E)  the owner of the property is charged under the Foreign Corrupt Practices Act.

Question 12

According to the U.S.Export Control and Related Border Security Assistance Program,which of the following should be considered a red flag by exporters?

Accepted Answer

A)  a customer who is willing to pay cash for high-value shipments 
B)  a customer who has extensive background in the relevant business 
C)  shipments that are directed to entities that are connected to a buyer 
D)  shipments that contain spare parts 
E)  an end-user purchasing goods for domestic use 
A)  a customer who is willing to pay cash for high-value shipments 
B)  a customer who has extensive background in the relevant business 
C)  shipments that are directed to entities that are connected to a buyer 
D)  shipments that contain spare parts 
E)  an end-user purchasing goods for domestic use

Question 13

What is the purpose of the International Monetary Fund and the World Bank?

Accepted Answer

The International Monetary Fund encourag

Question 14

What are some of the advantages of arbitration of international disputes?

Accepted Answer

There are many advantages to arbitrating

Question 15

If a commercial seller in the United States contracts for the sale of goods with a company from a country that has adopted the Convention on the International Sale of Goods,then the parties are not subject to local laws and customs.

Accepted Answer

A) True 
 B)False

Question 16

What is the purpose and application of the Alien Tort Statute and how is it applied?

Accepted Answer

The Alien Tort Statute (ATS),enacted in

Question 17

Which of the following statements is true of sources of international law?

Accepted Answer

A)  Public international law uses rules that are binding only on specific countries in the international community. 
B)  Public international law examines relationships between nations. 
C)  Private international law examines relationships between private individuals. 
D)  Private international law utilizes U.S. law to resolve international business disputes. 
E)  Public international law determines the type of goods sold in every country. 
A)  Public international law uses rules that are binding only on specific countries in the international community. 
B)  Public international law examines relationships between nations. 
C)  Private international law examines relationships between private individuals. 
D)  Private international law utilizes U.S. law to resolve international business disputes. 
E)  Public international law determines the type of goods sold in every country.

Question 18

An essential aspect of a successful claim under the Alien Tort Statute is to demonstrate that the acts committed violate the law of nations.

Accepted Answer

A) True 
 B)False

Question 19

The World Trade Organization was created by the ______.

Accepted Answer

A)  General Agreement on Tariffs and Trade 
B)  North American Free Trade Agreement 
C)  Convention on the International Sale of Goods 
D)  World Bank 
E)  International Court of Justice 
A)  General Agreement on Tariffs and Trade 
B)  North American Free Trade Agreement 
C)  Convention on the International Sale of Goods 
D)  World Bank 
E)  International Court of Justice

Question 20

What are the reasons for the widespread reluctance to resort to the International Court of Justice as a forum for resolving international disputes?

Accepted Answer

There has been widespread reluctance to

Exam 12: International Law

International law is generally classified as either public or private international law.Compare and contrast these two types.

What is the primary requirement of the Hague Service Convention?

The parties to an arbitration conducted by the China International Economic and Trade Arbitration Commission cannot stipulate the location of the arbitration.

The International Court of Justice has been a major force in settling disputes since it began functioning in 1946.

Corporations and other business entities that violate the Foreign Corrupt Practices Act are subject to a fine of up to ______.

What is a franchise?

______,one of the major institutions of the European Union (EU),decides the nature and parameters of EU law.

The Convention on the International Sale of Goods resolves all areas of contract law.

Which of the following statements is true of the World Trade Organization?

Parties involved in an international business can agree on a neutral third party to act as an arbitrator even before a dispute arises.

An expropriation is also considered to be a confiscation of property when

According to the U.S.Export Control and Related Border Security Assistance Program,which of the following should be considered a red flag by exporters?

What is the purpose of the International Monetary Fund and the World Bank?

What are some of the advantages of arbitration of international disputes?

If a commercial seller in the United States contracts for the sale of goods with a company from a country that has adopted the Convention on the International Sale of Goods,then the parties are not subject to local laws and customs.

What is the purpose and application of the Alien Tort Statute and how is it applied?

Which of the following statements is true of sources of international law?

An essential aspect of a successful claim under the Alien Tort Statute is to demonstrate that the acts committed violate the law of nations.

The World Trade Organization was created by the ______.

What are the reasons for the widespread reluctance to resort to the International Court of Justice as a forum for resolving international disputes?

Law As a Foundation for Business

The Role of Ethics in Decision Making

The Court System

Litigation

Alternative Dispute Resolution

The Constitution

The Property System

Contract Formation

Contractual Performance and Breach

Torts Affecting Business

Intellectual Property

Criminal Law and Business

Business Organizations

The Regulatory Process

Regulating Competitionantitrust Laws

Financial and Securities Regulations

Regulations Protecting Consumer Purchases, privacy, and Financial Activities

Environmental Regulation

Discrimination in Employment

Employment Laws

Labormanagement Relationship

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