Exam 3: International Law

One of the reasons the International Court of Justice (ICJ)is so vital to the resolution of international business disputes is that all parties are bound by the ICJ's decisions.Because of this,the Court has vast enforcement power.

It is not a violation of U.S.law for a domestic company to import goods created by forced or indentured child labor if this type of "labor" is commonly allowed in that foreign country.

Which statement about private international law is accurate?

Historically,many countries had dissimilar and confusing intellectual property rules covering copyrights,trademarks,and patents.Which of the following served to clarify and harmonize the trade-related aspects of intellectual property?

What is a major argument by the United States against the GATT Treaty?

If a foreign government hires an American consulting firm to help the country's textile industry improve production operations,the contract is commercial,and if the foreign government refuses to pay,the consulting firm may sue the government in American courts.

A binding process of resolving legal disputes by submitting them to a neutral third party is called

The law governing the acquisition of territory and the settlement of disputes among nations​ is public international law.

Which of the following organizations was responsible for putting forth the UN Convention for the International Sale of Goods (CISG)and the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (New York Convention)?

Which of the following is the UN's lawmaking body?

Extraterritoriality can be defined as

Private international law sets out the basic rules of human rights and laws defining the treatment of refugees,prisoners of war,and international criminals.

The Foreign Sovereign Immunities Act (FSIA)provides that American courts generally cannot hear suits against foreign governments.Describe the three possible exceptions to this rule.

Notren,Inc. ,a U.S.company,and SWT,a Singapore company,entered into a contract under which SWT is to ship party supplies to Notren.One of the terms of the contract states,"Any disputes that arise under this contract will be resolved in the courts of Singapore." This contract term is a

The United States and Argentina have signed the Convention on Contracts for the International Sale of Goods (CISG).Oxtron,Inc. ,a U.S.company,and Leer,an Argentinean company,have entered into a contract under which Oxtron is to ship medical devices to Leer.The contract does not include a choice of law provision.The contract will be governed by

Which of the following​ is not a lawmaking body but is so influential that many of its voluntary rules,such as the Incoterms,are accepted as the global standard in international business?

Incoterms rules are

An American manufacturer has been asked to provide construction equipment to a foreign government.The contract is for a sizable amount,so the manufacturer wants to protect itself should the foreign government refuse to pay for the equipment once it has been delivered.What should the American manufacturer insist upon having if it wants to protect its right to sue the government in the event it does not pay for the goods?

A treaty is said to be _____ when those who have drafted it agree that it is in final form.

When a dispute arises between different countries,the preferred method of resolution is to litigate the case through the foreign court system because it is less expensive and ​more private to do so.