Question 1

The Dodd-Frank Act:

Accepted Answer

A) extends the reach of the antifraud provisions of the 1933 and 1934 Securities Acts. 
B) appears to restore to private litigants the right to bring proceedings to enforce the antifraud provisions of the U.S. securities laws in cases with an extraterritorial component. 
C) limits the Department of Justice's right to bring proceedings to enforce antifraud provisions of the U.S. securities laws in cases affecting other nations. 
D) Both (a) and (b). 
A) extends the reach of the antifraud provisions of the 1933 and 1934 Securities Acts. 
B) appears to restore to private litigants the right to bring proceedings to enforce the antifraud provisions of the U.S. securities laws in cases with an extraterritorial component. 
C) limits the Department of Justice's right to bring proceedings to enforce antifraud provisions of the U.S. securities laws in cases affecting other nations. 
D) Both (a) and (b). A

Question 2

Fines imposed on individuals for violating the Foreign Corrupt Practices Act may be paid,either directly or indirectly,by the domestic concern on whose behalf they acted.

Accepted Answer

A) True 
 B)False  False

Question 3

In Saudi Arabia v.Nelson,the court held:

Accepted Answer

A) under the Foreign Sovereign Immunities Act, a foreign state is presumptively under the jurisdiction of the U.S. courts. 
B) the Foreign Sovereign Immunities Act provides the sole basis for obtaining jurisdiction over a foreign state in the courts of this country. 
C) whether a state acts in the manner of a private party is a question of motivation. 
D) in determining whether a state engages in commercial activity, the question is whether the foreign government is motivated by profit. 
A) under the Foreign Sovereign Immunities Act, a foreign state is presumptively under the jurisdiction of the U.S. courts. 
B) the Foreign Sovereign Immunities Act provides the sole basis for obtaining jurisdiction over a foreign state in the courts of this country. 
C) whether a state acts in the manner of a private party is a question of motivation. 
D) in determining whether a state engages in commercial activity, the question is whether the foreign government is motivated by profit. B

Question 4

Match each statement with the correct term below.
-horizontal merger

Accepted Answer

A) Conclusively presumed unreasonable and therefore illegal. 
B) Acquisition by one company of a competing company. 
C) Closed a loophole in the Copyright Act and clarified when Internet users can distribute copyrighted works. 
D) Plan detailing how a state will implement and maintian EPA air quality standards within its borders. 
E) An illegal form of discrimination that includes unwelcome sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature.
F)Governmental taking of foreign-owned property for a public purpose with just payment.
G)Includes any note, stock, bond, preorganization subscription, and investment contract (any investment of money or property made in expectation of receiving a financial return solely from the efforts of others).
H)A signed writing by a shareholder authorizing a named person to vote her stock at a specified meeting of shareholders.
I)A general invitation to all shareholders to purchase their shares at a specified price for a specified time.
J)Not recognized by the common law or federal law, although some states have adopted statutes granting some form of this.
K)Intentional and knowing conduct.
L)Any credit transaction involving goods, services, or land for personal, household, or family purposes.
M)Governs contracts for international sales of goods between parties located in different nations that have ratified the treaty.
N)Rule that a court should not question the validity of actions taken by a foreign government in its own country.
O)Superfund; establishes the National Contingency Plan for responding to releases of hazardous substances and a trust fund to pay for removal and cleanup of hazardous waste.
P)Foreign country's freedom from a host country's laws.
Q)Any business that engages in transactions involving the movement of goods, information, money, people, or services across national borders.
R)Agreement among parties not to deal with a third party.
S)Similar patterns of conduct among competitors.
T)Exclusive right, usually for the author's life plus 70 years, to original works of authorship.
U)The judicial branch of the United Nations; has voluntary jurisdiction over nations. 
A) Conclusively presumed unreasonable and therefore illegal. 
B) Acquisition by one company of a competing company. 
C) Closed a loophole in the Copyright Act and clarified when Internet users can distribute copyrighted works. 
D) Plan detailing how a state will implement and maintian EPA air quality standards within its borders. 
E) An illegal form of discrimination that includes unwelcome sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature.
F)Governmental taking of foreign-owned property for a public purpose with just payment.
G)Includes any note, stock, bond, preorganization subscription, and investment contract (any investment of money or property made in expectation of receiving a financial return solely from the efforts of others).
H)A signed writing by a shareholder authorizing a named person to vote her stock at a specified meeting of shareholders.
I)A general invitation to all shareholders to purchase their shares at a specified price for a specified time.
J)Not recognized by the common law or federal law, although some states have adopted statutes granting some form of this.
K)Intentional and knowing conduct.
L)Any credit transaction involving goods, services, or land for personal, household, or family purposes.
M)Governs contracts for international sales of goods between parties located in different nations that have ratified the treaty.
N)Rule that a court should not question the validity of actions taken by a foreign government in its own country.
O)Superfund; establishes the National Contingency Plan for responding to releases of hazardous substances and a trust fund to pay for removal and cleanup of hazardous waste.
P)Foreign country's freedom from a host country's laws.
Q)Any business that engages in transactions involving the movement of goods, information, money, people, or services across national borders.
R)Agreement among parties not to deal with a third party.
S)Similar patterns of conduct among competitors.
T)Exclusive right, usually for the author's life plus 70 years, to original works of authorship.
U)The judicial branch of the United Nations; has voluntary jurisdiction over nations.

Question 5

The World Bank established the Multilateral Investment Guarantee Agency to encourage increased investment in developing nations.

Accepted Answer

A) True 
 B)False

Question 6

The various forms of MNE include:

Accepted Answer

A) NASDAZ. 
B) NFTRA. 
C) EU. 
D) Wholly owned subsidiaries. 
A) NASDAZ. 
B) NFTRA. 
C) EU. 
D) Wholly owned subsidiaries.

Question 7

The legal issues inherent in domestic commercial contracts also arise in international contracts.

Accepted Answer

A) True 
 B)False

Question 8

Kelly has just been appointed the manager of a company that has begun the direct export of its product.What precautions should he take to assure that the company will in fact be paid for its products when the company has never dealt with the buyers before and is new to the international legal environment?

Accepted Answer

The company should have a good working r

Question 9

The Sherman Act:

Accepted Answer

A) applies to acts committed overseas by U.S. corporations. 
B) would not apply to an act committed in the United States by a foreign corporation. 
C) would not apply to an act overseas by a 100 percent-owned foreign subsidiary of a U.S. corporation. 
D) never applies to acts committed outside the U.S. 
A) applies to acts committed overseas by U.S. corporations. 
B) would not apply to an act committed in the United States by a foreign corporation. 
C) would not apply to an act overseas by a 100 percent-owned foreign subsidiary of a U.S. corporation. 
D) never applies to acts committed outside the U.S.

Question 10

The U.N.Convention on Contracts for the International Sales of Goods (CISG)includes provisions relating to which of the following?

Accepted Answer

A) Interpretation and trade usage. 
B) Intellectual property rights. 
C) Obligations and remedies of sellers, but not buyers. 
D) Sharing of profits. 
A) Interpretation and trade usage. 
B) Intellectual property rights. 
C) Obligations and remedies of sellers, but not buyers. 
D) Sharing of profits.

Question 11

A country may issue to foreign citizens visas that permit them to enter the country for identified purposes or for specific periods of time.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following is correct with respect to the act of state doctrine?

Accepted Answer

A) It allows foreign countries to be liable for their torts. 
B) It allows state governments in the United States to ignore treaties entered into by the United States. 
C) It provides that the judicial branch of a nation should not question the validity of actions taken by a foreign government within that foreign sovereign's own borders. 
D) It is a very recent addition to U.S. law. 
A) It allows foreign countries to be liable for their torts. 
B) It allows state governments in the United States to ignore treaties entered into by the United States. 
C) It provides that the judicial branch of a nation should not question the validity of actions taken by a foreign government within that foreign sovereign's own borders. 
D) It is a very recent addition to U.S. law.

Question 13

The judicial branch of the United Nations is called the World Court.

Accepted Answer

A) True 
 B)False

Question 14

"Normal value" is the price that would be charged for the same or a similar product in the ordinary course of trade for domestic consumption in the exporting country,under the World Trade Organization's:

Accepted Answer

A) tariff regulations. 
B) nontariff barrier. 
C) Antidumping Code. 
D) export controls. 
A) tariff regulations. 
B) nontariff barrier. 
C) Antidumping Code. 
D) export controls.

Question 15

A multinational enterprise wishing to exploit a patent may choose to sell a foreign company the right to use the property rather than entering the foreign market itself.The sale of such rights is licensing.

Accepted Answer

A) True 
 B)False

Question 16

Regional trade communities exist in Europe,North America,Central America,Africa,and Asia.

Accepted Answer

A) True 
 B)False

Question 17

Match each statement with the correct term below.
-CERCLA

Accepted Answer

A) Conclusively presumed unreasonable and therefore illegal. 
B) Acquisition by one company of a competing company. 
C) Closed a loophole in the Copyright Act and clarified when Internet users can distribute copyrighted works. 
D) Plan detailing how a state will implement and maintian EPA air quality standards within its borders. 
E) An illegal form of discrimination that includes unwelcome sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature.
F)Governmental taking of foreign-owned property for a public purpose with just payment.
G)Includes any note, stock, bond, preorganization subscription, and investment contract (any investment of money or property made in expectation of receiving a financial return solely from the efforts of others).
H)A signed writing by a shareholder authorizing a named person to vote her stock at a specified meeting of shareholders.
I)A general invitation to all shareholders to purchase their shares at a specified price for a specified time.
J)Not recognized by the common law or federal law, although some states have adopted statutes granting some form of this.
K)Intentional and knowing conduct.
L)Any credit transaction involving goods, services, or land for personal, household, or family purposes.
M)Governs contracts for international sales of goods between parties located in different nations that have ratified the treaty.
N)Rule that a court should not question the validity of actions taken by a foreign government in its own country.
O)Superfund; establishes the National Contingency Plan for responding to releases of hazardous substances and a trust fund to pay for removal and cleanup of hazardous waste.
P)Foreign country's freedom from a host country's laws.
Q)Any business that engages in transactions involving the movement of goods, information, money, people, or services across national borders.
R)Agreement among parties not to deal with a third party.
S)Similar patterns of conduct among competitors.
T)Exclusive right, usually for the author's life plus 70 years, to original works of authorship.
U)The judicial branch of the United Nations; has voluntary jurisdiction over nations. 
A) Conclusively presumed unreasonable and therefore illegal. 
B) Acquisition by one company of a competing company. 
C) Closed a loophole in the Copyright Act and clarified when Internet users can distribute copyrighted works. 
D) Plan detailing how a state will implement and maintian EPA air quality standards within its borders. 
E) An illegal form of discrimination that includes unwelcome sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature.
F)Governmental taking of foreign-owned property for a public purpose with just payment.
G)Includes any note, stock, bond, preorganization subscription, and investment contract (any investment of money or property made in expectation of receiving a financial return solely from the efforts of others).
H)A signed writing by a shareholder authorizing a named person to vote her stock at a specified meeting of shareholders.
I)A general invitation to all shareholders to purchase their shares at a specified price for a specified time.
J)Not recognized by the common law or federal law, although some states have adopted statutes granting some form of this.
K)Intentional and knowing conduct.
L)Any credit transaction involving goods, services, or land for personal, household, or family purposes.
M)Governs contracts for international sales of goods between parties located in different nations that have ratified the treaty.
N)Rule that a court should not question the validity of actions taken by a foreign government in its own country.
O)Superfund; establishes the National Contingency Plan for responding to releases of hazardous substances and a trust fund to pay for removal and cleanup of hazardous waste.
P)Foreign country's freedom from a host country's laws.
Q)Any business that engages in transactions involving the movement of goods, information, money, people, or services across national borders.
R)Agreement among parties not to deal with a third party.
S)Similar patterns of conduct among competitors.
T)Exclusive right, usually for the author's life plus 70 years, to original works of authorship.
U)The judicial branch of the United Nations; has voluntary jurisdiction over nations.

Question 18

NAFTA's objectives include to:

Accepted Answer

A) create trade barriers between the U.S., Mexico, and Canada. 
B) increase investment opportunities. 
C) enforce real property rights. 
D) All of the above. 
A) create trade barriers between the U.S., Mexico, and Canada. 
B) increase investment opportunities. 
C) enforce real property rights. 
D) All of the above.

Question 19

NAFTA establishes a free trade area between the United States and Mexico but not with Canada.

Accepted Answer

A) True 
 B)False

Question 20

Match each statement with the correct term below.
-copyright

Accepted Answer

A) Conclusively presumed unreasonable and therefore illegal. 
B) Acquisition by one company of a competing company. 
C) Closed a loophole in the Copyright Act and clarified when Internet users can distribute copyrighted works. 
D) Plan detailing how a state will implement and maintian EPA air quality standards within its borders. 
E) An illegal form of discrimination that includes unwelcome sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature.
F)Governmental taking of foreign-owned property for a public purpose with just payment.
G)Includes any note, stock, bond, preorganization subscription, and investment contract (any investment of money or property made in expectation of receiving a financial return solely from the efforts of others).
H)A signed writing by a shareholder authorizing a named person to vote her stock at a specified meeting of shareholders.
I)A general invitation to all shareholders to purchase their shares at a specified price for a specified time.
J)Not recognized by the common law or federal law, although some states have adopted statutes granting some form of this.
K)Intentional and knowing conduct.
L)Any credit transaction involving goods, services, or land for personal, household, or family purposes.
M)Governs contracts for international sales of goods between parties located in different nations that have ratified the treaty.
N)Rule that a court should not question the validity of actions taken by a foreign government in its own country.
O)Superfund; establishes the National Contingency Plan for responding to releases of hazardous substances and a trust fund to pay for removal and cleanup of hazardous waste.
P)Foreign country's freedom from a host country's laws.
Q)Any business that engages in transactions involving the movement of goods, information, money, people, or services across national borders.
R)Agreement among parties not to deal with a third party.
S)Similar patterns of conduct among competitors.
T)Exclusive right, usually for the author's life plus 70 years, to original works of authorship.
U)The judicial branch of the United Nations; has voluntary jurisdiction over nations. 
A) Conclusively presumed unreasonable and therefore illegal. 
B) Acquisition by one company of a competing company. 
C) Closed a loophole in the Copyright Act and clarified when Internet users can distribute copyrighted works. 
D) Plan detailing how a state will implement and maintian EPA air quality standards within its borders. 
E) An illegal form of discrimination that includes unwelcome sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature.
F)Governmental taking of foreign-owned property for a public purpose with just payment.
G)Includes any note, stock, bond, preorganization subscription, and investment contract (any investment of money or property made in expectation of receiving a financial return solely from the efforts of others).
H)A signed writing by a shareholder authorizing a named person to vote her stock at a specified meeting of shareholders.
I)A general invitation to all shareholders to purchase their shares at a specified price for a specified time.
J)Not recognized by the common law or federal law, although some states have adopted statutes granting some form of this.
K)Intentional and knowing conduct.
L)Any credit transaction involving goods, services, or land for personal, household, or family purposes.
M)Governs contracts for international sales of goods between parties located in different nations that have ratified the treaty.
N)Rule that a court should not question the validity of actions taken by a foreign government in its own country.
O)Superfund; establishes the National Contingency Plan for responding to releases of hazardous substances and a trust fund to pay for removal and cleanup of hazardous waste.
P)Foreign country's freedom from a host country's laws.
Q)Any business that engages in transactions involving the movement of goods, information, money, people, or services across national borders.
R)Agreement among parties not to deal with a third party.
S)Similar patterns of conduct among competitors.
T)Exclusive right, usually for the author's life plus 70 years, to original works of authorship.
U)The judicial branch of the United Nations; has voluntary jurisdiction over nations.

Exam 46: International Business Law

The Dodd-Frank Act:

Fines imposed on individuals for violating the Foreign Corrupt Practices Act may be paid,either directly or indirectly,by the domestic concern on whose behalf they acted.

In Saudi Arabia v.Nelson,the court held:

Match each statement with the correct term below. -horizontal merger

The World Bank established the Multilateral Investment Guarantee Agency to encourage increased investment in developing nations.

The various forms of MNE include:

The legal issues inherent in domestic commercial contracts also arise in international contracts.

The Sherman Act:

The U.N.Convention on Contracts for the International Sales of Goods (CISG)includes provisions relating to which of the following?

A country may issue to foreign citizens visas that permit them to enter the country for identified purposes or for specific periods of time.

Which of the following is correct with respect to the act of state doctrine?

The judicial branch of the United Nations is called the World Court.

"Normal value" is the price that would be charged for the same or a similar product in the ordinary course of trade for domestic consumption in the exporting country,under the World Trade Organization's:

A multinational enterprise wishing to exploit a patent may choose to sell a foreign company the right to use the property rather than entering the foreign market itself.The sale of such rights is licensing.

Regional trade communities exist in Europe,North America,Central America,Africa,and Asia.

Match each statement with the correct term below. -CERCLA

NAFTA's objectives include to:

NAFTA establishes a free trade area between the United States and Mexico but not with Canada.

Match each statement with the correct term below. -copyright

Introduction to Law

Business Ethics

Civil Dispute Resolution

Constitutional Law

Administrative Law

Criminal Law

Intentional Torts

Negligence and Strict Liability

Introduction to Contracts

Mutual Assent

Conduct Invalidating Assent

Consideration

Illegal Bargains

Contractual Capacity

Contracts in Writing

Third Parties to Contracts

Performance, Breach, and Discharge

Contract Remedies

Introduction to Sales and Leases

Performance

Transfer of Title and Risk of Loss

Product Liability: Warranties and Strict Liability

Sales Remedies

Form and Content

Transfer and Holder in Due Course

Liability of Parties

Bank Deposits, Collections, and Funds Transfers

Relationship of Principal and Agent

Relationship With Third Parties

Formation and Internal Relations of General Partnerships

Operation and Dissolution of General Partnerships

Limited Partnerships and Limited Liability Companies

Nature and Formation of Corporations

Financial Structure of Corporations

Management Structure of Corporations

Fundamental Changes of Corporations

Secured Transactions and Suretyship

Bankruptcy

Securities Regulation

Intellectual Property

Employment Law

Antitrust

Accountants Legal Liability

Consumer Protection

Environmental Law

Introduction to Property, property Insurance, Bailments, and Documents of Title

Interests in Real Property

Transfer and Control of Real Property

Trusts and Wills

Filters