Question 1

A country may choose to accept the Court's jurisdiction only when the use of the Court may suit its own interests.

Accepted Answer

A) True 
 B)False

Question 2

What does the term 'knowing' refer to under the FCPA?

Accepted Answer

A)  Conscious disregard and deliberate indifference. 
B)  Working with a country that is indexed for high corruption practices. 
C)  Stating in an official document that all parties involved are free from corrupt practices. 
D)  Settlement of payments as per the contract. 
E)  Understanding of the antibribery provisions and the laws that prohibit corruption. 
A)  Conscious disregard and deliberate indifference. 
B)  Working with a country that is indexed for high corruption practices. 
C)  Stating in an official document that all parties involved are free from corrupt practices. 
D)  Settlement of payments as per the contract. 
E)  Understanding of the antibribery provisions and the laws that prohibit corruption.

Question 3

In many cases, the only legal or political means a firm has to invest directly in a foreign country is to engage in _____, with an entity from the host country.

Accepted Answer

A)  a foreign subsidiary arrangement 
B)  a franchise agreement 
C)  a license contract 
D)  a merger 
E)  a joint venture 
A)  a foreign subsidiary arrangement 
B)  a franchise agreement 
C)  a license contract 
D)  a merger 
E)  a joint venture

Question 4

The conduct that violates the The anti bribery provisions of the FCPA may also give rise to a private cause of action for treble damages under the Racketeer Influenced and Corrupt Organizations Act (RICO).

Accepted Answer

A) True 
 B)False

Question 5

The Alien Tort Claims Act was enacted 20 years ago to address tort actions arising from the recent initiatives in global trade.

Accepted Answer

A) True 
 B)False

Question 6

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

Accepted Answer

A)  Public international law examines relationships between businesses. 
B)  Public international law uses rules that are binding on all countries in the international community. 
C)  Private international law examines relationships created by private individuals. 
D)  Private international law utilizes U.S. law to resolve international business disputes. 
E)  Public international law examines the relationships between different populations. 
A)  Public international law examines relationships between businesses. 
B)  Public international law uses rules that are binding on all countries in the international community. 
C)  Private international law examines relationships created by private individuals. 
D)  Private international law utilizes U.S. law to resolve international business disputes. 
E)  Public international law examines the relationships between different populations.

Question 7

What is NAFTA?

Accepted Answer

The passage of the North American Free T

Question 8

The U.S. Export Control and Related Border Security Assistance Program, in order to control the export of technology flowing into dangerous hands, has issued three "red flags" that exporters should be aware of. Identify and discuss these "red flags".

Accepted Answer

First, the exporter should be aware if a

Question 9

Expropriation is the seizure of foreign-owned property by a government.

Accepted Answer

A) True 
 B)False

Question 10

To sue a foreign firm in the United States, the plaintiff must:

Accepted Answer

A)  establish maximum contacts between the foreign defendant and the forum court. 
B)  demonstrate that exercise of personal jurisdiction over the defendant will be ineffective. 
C)  comply with the terms of the Hague Service Convention when serving notice of the lawsuit. 
D)  comply with the terms of the Convention of International Sale of Goods when filing a lawsuit. 
E)  establish legal representation in the area of personal jurisdiction. 
A)  establish maximum contacts between the foreign defendant and the forum court. 
B)  demonstrate that exercise of personal jurisdiction over the defendant will be ineffective. 
C)  comply with the terms of the Hague Service Convention when serving notice of the lawsuit. 
D)  comply with the terms of the Convention of International Sale of Goods when filing a lawsuit. 
E)  establish legal representation in the area of personal jurisdiction.

Question 11

Irrevocable letters of credit have little effect on reducing uncertainties in international transactions.

Accepted Answer

A) True 
 B)False

Question 12

What is the purpose and application of the Alien Torts Claims Act and how is it applied?

Accepted Answer

Originally enacted in 1789, the ATCA giv

Question 13

The Hague Service Convention is a treaty designed to provide a simpler way to serve process abroad when suing foreign businesses.

Accepted Answer

A) True 
 B)False

Question 14

What must a plaintiff do, according to the Supreme Court, in order to sue a foreign firm in the United States?

Accepted Answer

To sue a foreign firm in the United Stat

Question 15

Discuss the International Court of Justice in brief.

Accepted Answer

The Statute of the International Court o

Question 16

Which type of a contract can be adopted in case of a domestic firm granting a foreign firm the means to produce and sell its product?

Accepted Answer

A)  Transfer contract 
B)  Franchise contract 
C)  Promotion contract 
D)  Foreign investment contract 
E)  Foreign subsidiary contract 
A)  Transfer contract 
B)  Franchise contract 
C)  Promotion contract 
D)  Foreign investment contract 
E)  Foreign subsidiary contract

Question 17

The World Intellectual Property Organization (WIPO) Arbitration and Mediation Center hears cases involving domain name disputes and cyber-squatting.

Accepted Answer

A) True 
 B)False

Question 18

_____ is defined as the supreme, absolute, and uncontrollable power by which any state is governed.

Accepted Answer

A)  Sovereignty 
B)  Government 
C)  Integrity 
D)  Fraternity 
E)  Federation 
A)  Sovereignty 
B)  Government 
C)  Integrity 
D)  Fraternity 
E)  Federation

Question 19

A nationalization of assets is most likely to be considered an act in the "public interest" and immune from suit under the FSIA.

Accepted Answer

A) True 
 B)False

Question 20

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

Accepted Answer

A) True 
 B)False

Exam 12: International Law

A country may choose to accept the Court's jurisdiction only when the use of the Court may suit its own interests.

What does the term 'knowing' refer to under the FCPA?

In many cases, the only legal or political means a firm has to invest directly in a foreign country is to engage in _____, with an entity from the host country.

The conduct that violates the The anti bribery provisions of the FCPA may also give rise to a private cause of action for treble damages under the Racketeer Influenced and Corrupt Organizations Act (RICO).

The Alien Tort Claims Act was enacted 20 years ago to address tort actions arising from the recent initiatives in global trade.

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

What is NAFTA?

The U.S. Export Control and Related Border Security Assistance Program, in order to control the export of technology flowing into dangerous hands, has issued three "red flags" that exporters should be aware of. Identify and discuss these "red flags".

Expropriation is the seizure of foreign-owned property by a government.

To sue a foreign firm in the United States, the plaintiff must:

Irrevocable letters of credit have little effect on reducing uncertainties in international transactions.

What is the purpose and application of the Alien Torts Claims Act and how is it applied?

The Hague Service Convention is a treaty designed to provide a simpler way to serve process abroad when suing foreign businesses.

What must a plaintiff do, according to the Supreme Court, in order to sue a foreign firm in the United States?

Discuss the International Court of Justice in brief.

Which type of a contract can be adopted in case of a domestic firm granting a foreign firm the means to produce and sell its product?

The World Intellectual Property Organization (WIPO) Arbitration and Mediation Center hears cases involving domain name disputes and cyber-squatting.

_____ is defined as the supreme, absolute, and uncontrollable power by which any state is governed.

A nationalization of assets is most likely to be considered an act in the "public interest" and immune from suit under the FSIA.

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

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 Competition_Antitrust Laws

Financial and Securities Regulations

Privacy and Consumer Protection

Environmental Regulation and Resource Sustainability

Discrimination in Employment

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