Question 1

Any conspiracy that has a substantial effect on U.S.commerce is within the reach of the U.S.antitrust laws.

Accepted Answer

A) True 
 B)False

Question 2

Secure Investments,Inc.,a U.S.firm,expands into international markets through a joint venture.In this situation,Secure owns

Accepted Answer

A) all of the operation,and its profits and liabilities. 
B) all of the operation,and none of its profits and liabilities. 
C) none of the operation,and none of its profits and liabilities. 
D) part of the operation,and shares its profits and liabilities. 
A) all of the operation,and its profits and liabilities. 
B) all of the operation,and none of its profits and liabilities. 
C) none of the operation,and none of its profits and liabilities. 
D) part of the operation,and shares its profits and liabilities.

Question 3

Two Japanese firms-Mikato,Ltd.,and Shuzushi,Ltd.-enter into a joint venture in an attempt to in-crease their market share of the U.S.auto market.If the joint venture is not a per se violation of U.S.antitrust laws,a U.S.court could ex-ercise jurisdiction over the firms

Accepted Answer

A) if the joint venture has a substantial effect on U.S.commerce. 
B) if the joint venture has any effect on U.S.commerce. 
C) if the joint venture was entered into in the United States. 
D) under no circumstances. 
A) if the joint venture has a substantial effect on U.S.commerce. 
B) if the joint venture has any effect on U.S.commerce. 
C) if the joint venture was entered into in the United States. 
D) under no circumstances.

Question 4

Tariffs are imposed only on exports.

Accepted Answer

A) True 
 B)False

Question 5

The management of Sport Shoes Corporation,a U.S.firm,wants to expand into foreign investment and employment markets.They are considering ei-ther opening their own production facility in a foreign country or enter-ing into a licensing agreement with a foreign firm.What are the advan-tages and disadvantages of each of these courses of action?

Accepted Answer

One of the advantages of opening a wholl

Question 6

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

Accepted Answer

A) True 
 B)False

Question 7

Soleful Shoes,Inc.owns property in Somalia.The Somalian government seizes the property.In order for the seizure to be considered an expropriation and not a confiscation,the Somalian government must

Accepted Answer

A) pay just compensation to Soleful Shoes. 
B) give Soleful Shoes at least thirty days notice of the seizure. 
C) give Soleful Shoes at least ninety days notice of the seizure. 
D) notify the U.S.government before the seizure. 
A) pay just compensation to Soleful Shoes. 
B) give Soleful Shoes at least thirty days notice of the seizure. 
C) give Soleful Shoes at least ninety days notice of the seizure. 
D) notify the U.S.government before the seizure.

Question 8

According to the Foreign Sovereign Immunities Act,a foreign state that has committed a tort in the United States is protected from the jurisdiction of the U.S.courts.

Accepted Answer

A) True 
 B)False

Question 9

Optima Medico Corporation,a U.S.firm,signs a contract with Pharma Beneficial,Ltd.,a Canadian firm,to give Pharma the right to sell Optima's products in Canada.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 10

KO Marketing Company,a U.S.firm,signs a contract with Librador Corporacion,a Chilean firm,to give Librador the right to use Innovative's animation techniques and characters in product promotions.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 11

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 12

All international sales contracts should have a choice-of-language clause to designate the official language by which the contract will be interpreted.

Accepted Answer

A) True 
 B)False

Exam 31: International Law in a Global Economy

Any conspiracy that has a substantial effect on U.S.commerce is within the reach of the U.S.antitrust laws.

Secure Investments,Inc.,a U.S.firm,expands into international markets through a joint venture.In this situation,Secure owns

Two Japanese firms-Mikato,Ltd.,and Shuzushi,Ltd.-enter into a joint venture in an attempt to in-crease their market share of the U.S.auto market.If the joint venture is not a per se violation of U.S.antitrust laws,a U.S.court could ex-ercise jurisdiction over the firms

Tariffs are imposed only on exports.

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

Soleful Shoes,Inc.owns property in Somalia.The Somalian government seizes the property.In order for the seizure to be considered an expropriation and not a confiscation,the Somalian government must

According to the Foreign Sovereign Immunities Act,a foreign state that has committed a tort in the United States is protected from the jurisdiction of the U.S.courts.

Optima Medico Corporation,a U.S.firm,signs a contract with Pharma Beneficial,Ltd.,a Canadian firm,to give Pharma the right to sell Optima's products in Canada.This is

KO Marketing Company,a U.S.firm,signs a contract with Librador Corporacion,a Chilean firm,to give Librador the right to use Innovative's animation techniques and characters in product promotions.This is

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

All international sales contracts should have a choice-of-language clause to designate the official language by which the contract will be interpreted.

The Legal and Constitutional Environment of Business

Courts and Alternative Dispute Resolution

Ethics and Business Decision Making

Tort Law

Intellectual Property

Internet Law,social Media,and Privacy

Criminal Law and Cyber Crime

Nature and Classification

Agreement in Traditional and E-Contracts

Consideration, capacity, and Legality

Defenses to Contract Enforceability

Third Party Rights and Discharge

Breach and Remedies

The Formation of Sales and Lease Contracts

Performance and Breach of Sales and Lease Contracts

Warranties and Product Liability

Negotiability, transferability, and Liability

Checks and Banking in the Digital Age

Secured Transactions

Creditors Rights and Bankruptcy

Agency Relationships

Employment Law

Sole Proprietorships, partnerships, and Limited Liability Companies

Corporate Formation, financing, and Termination

Corporate Directors, officers, and Shareholders

Investor Protection, insider Trading, and Corporate Governance

Personal Property and Bailments

Real Property and Landlord-Tenant Law

Insurance, wills, and Trusts

Liability of Accountants and Other Professionals

Filters