Exam 19: International Law in a Global Economy

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.

International contracts rarely include arbitration clauses.

Michael,a citizen of Ireland,and Nina,a citizen of the United States,enter into a contract. When Nina breaches the contract,Michael obtains an award of damages in an Irish court. He asks a U.S. court to enforce the award. The U.S. court defers to and enforces the Irish court's decree. This is

Under the Foreign Sovereign Immunities Act,a foreign state can be a political subdivision of a foreign state.

A foreign state is immune from the jurisdiction of U.S. courts as long as the state is involved in commercial activity in the United States.

The U.S. corporation Burger Heaven makes a deal with an Icelandic firm that allows the Icelandic firm to use Burger Heaven's trade name in Iceland in return for a fee. This is

Restrictions on imports may not include tariffs.

Hong Ltd.,a Chinese firm,imports its goods into the United States and offers those goods for sale at "less than fair value." This is

Without permission,a Russian firm names itself McDonald's and begins selling hamburgers and French fries in Russia. This is

Expropriation occurs when a government seizes private property for a proper pur-pose and awards just compensation.

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.

Franchising is a form of licensing.