Question 1

Chile has a civil law system. In theory, in this system, the courts

Accepted Answer

A)  are obligated to follow the doctrine of stare decisis. 
B)  may not develop their own laws. 
C)  must create new rules of law. 
D)  must develop legal concepts by case law. 
A)  are obligated to follow the doctrine of stare decisis. 
B)  may not develop their own laws. 
C)  must create new rules of law. 
D)  must develop legal concepts by case law.

Question 2

Restrictions on imports may include tariffs.

Accepted Answer

A) True 
 B)False

Question 3

A foreign citizen can bring a civil suit in a U.S. court for a violation of a treaty of the United States.

Accepted Answer

A) True 
 B)False

Question 4

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.

Accepted Answer

A) True 
 B)False

Question 5

A treaty is a contract or other agreement between two or more nations that must be ratified by the United Nations to take effect.

Accepted Answer

A) True 
 B)False

Question 6

Diners Corporation, a U.S. firm, signs a contract with Essen, A,G., a German firm, to give Essen the right to use Diners' trademark in restaurants in Germany. 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 7

When a nation moves from a state-controlled economy toward free enterprise, it must develop a new set of business laws. If you could start from scratch, what kind of business law system would you adopt-a civil law system or a common law system What factors should be considered in deciding the business regulations to impose

Accepted Answer

Each system has its advantages and its d

Question 8

Legal systems around the globe are generally divided into common law and civil law systems.

Accepted Answer

A) True 
 B)False

Question 9

The government of the United States and the governments of other nations have the power to enforce their respective national laws within their borders. The power to enforce international law within the borders of all nations rests with

Accepted Answer

A)  no court or international organization. 
B)  the European Union. 
C)  the International Court of Justice. 
D)  the United Nations General Assembly. 
A)  no court or international organization. 
B)  the European Union. 
C)  the International Court of Justice. 
D)  the United Nations General Assembly.

Question 10

In the global environment of business, the law of a particular nation, such as Brazil, China, or India, is classified as

Accepted Answer

A)  environmental law. 
B)  global law. 
C)  international law. 
D)  national law. 
A)  environmental law. 
B)  global law. 
C)  international law. 
D)  national law.

Question 11

Qang and other foreign citizens allege human rights violations committed overseas by the government of Burma on behalf of Railway Construction Company, a U.S. firm. To seek redress for their injuries in a U.S. court, these citizens can

Accepted Answer

A)  subject the private company to the provisions of the Sherman Act. 
B)  bring civil suits under the Alien Tort Claims Act. 
C)  file criminal complaints under Title VII of the Civil Rights Act. 
D)  do nothing. 
A)  subject the private company to the provisions of the Sherman Act. 
B)  bring civil suits under the Alien Tort Claims Act. 
C)  file criminal complaints under Title VII of the Civil Rights Act. 
D)  do nothing.

Question 12

International law is a body of law that governs relations among nations.

Accepted Answer

A) True 
 B)False

Question 13

Significant business develops in Mexico for Natural Beauty Cosmetics, Inc., a U.S. firm. Natural Beauty appoints Ojos, Ltd., a Mexican firm, to act as Natural Beauty's marketing representative in Mexico. This is

Accepted Answer

A)  a joint venture. 
B)  franchising. 
C)  indirect exporting. 
D)  licensing. 
A)  a joint venture. 
B)  franchising. 
C)  indirect exporting. 
D)  licensing.

Question 14

Dumping is the sale of imported goods at "greater than fair value."

Accepted Answer

A) True 
 B)False

Question 15

Restrictions on imports may include quotas.

Accepted Answer

A) True 
 B)False

Question 16

China and India form an agreement to govern their commercial exchanges with one another. This is

Accepted Answer

A)  a bilateral agreement. 
B)  a lateral agreement. 
C)  a multilateral agreement. 
D)  a unilateral agreement. 
A)  a bilateral agreement. 
B)  a lateral agreement. 
C)  a multilateral agreement. 
D)  a unilateral agreement.

Question 17

Agro Co-op, Inc., and Bio Feed Corporation are exporting firms that join together to export a line of products. Agro Co-op and Bio Feed apply to Charter Bank for a loan to fund their effort. Under federal law, Charter and other U.S. banks are

Accepted Answer

A)  encouraged by credit guaranties to lend such funds. 
B)  discouraged by administrative rules to make such loans. 
C)  asked by enforcement agencies to report such requests. 
D)  banned by statute from opening such credit lines. 
A)  encouraged by credit guaranties to lend such funds. 
B)  discouraged by administrative rules to make such loans. 
C)  asked by enforcement agencies to report such requests. 
D)  banned by statute from opening such credit lines.

Question 18

Under the principle of comity, a foreign business that deals with a U.S. business may be subject to U.S. law.

Accepted Answer

A) True 
 B)False

Question 19

The United States taxes each barrel of imported oil at a flat rate. This is

Accepted Answer

A)  an antidumping duty. 
B)  a dumping duty. 
C)  a quota. 
D)  a tariff. 
A)  an antidumping duty. 
B)  a dumping duty. 
C)  a quota. 
D)  a tariff.

Question 20

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

Accepted Answer

A)  a travesty of justice. 
B)  the act of state doctrine. 
C)  the doctrine of sovereign immunity. 
D)  the principle of comity. 
A)  a travesty of justice. 
B)  the act of state doctrine. 
C)  the doctrine of sovereign immunity. 
D)  the principle of comity.

Exam 23: International Law in a Global Economy

Chile has a civil law system. In theory, in this system, the courts

Restrictions on imports may include tariffs.

A foreign citizen can bring a civil suit in a U.S. court for a violation of a treaty of the United States.

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.

A treaty is a contract or other agreement between two or more nations that must be ratified by the United Nations to take effect.

Diners Corporation, a U.S. firm, signs a contract with Essen, A,G., a German firm, to give Essen the right to use Diners' trademark in restaurants in Germany. This is

Legal systems around the globe are generally divided into common law and civil law systems.

The government of the United States and the governments of other nations have the power to enforce their respective national laws within their borders. The power to enforce international law within the borders of all nations rests with

In the global environment of business, the law of a particular nation, such as Brazil, China, or India, is classified as

Qang and other foreign citizens allege human rights violations committed overseas by the government of Burma on behalf of Railway Construction Company, a U.S. firm. To seek redress for their injuries in a U.S. court, these citizens can

International law is a body of law that governs relations among nations.

Significant business develops in Mexico for Natural Beauty Cosmetics, Inc., a U.S. firm. Natural Beauty appoints Ojos, Ltd., a Mexican firm, to act as Natural Beauty's marketing representative in Mexico. This is

Dumping is the sale of imported goods at "greater than fair value."

Restrictions on imports may include quotas.

China and India form an agreement to govern their commercial exchanges with one another. This is

Agro Co-op, Inc., and Bio Feed Corporation are exporting firms that join together to export a line of products. Agro Co-op and Bio Feed apply to Charter Bank for a loan to fund their effort. Under federal law, Charter and other U.S. banks are

Under the principle of comity, a foreign business that deals with a U.S. business may be subject to U.S. law.

The United States taxes each barrel of imported oil at a flat rate. This is

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

Introduction to Law and Legal Reasoning

Courts and Alternative Dispute Resolution

Court Procedures

Constitutional Authority to Regulate Business

Ethics and Business Decision Making

Intentional Torts and Privacy

Negligence and Strict Liability

Intellectual Property and Internet Law

Criminal Law and Cyber Crime

Nature and Terminology

Agreement in Traditional and E-Contracts

Consideration

Capacity and Legality

Mistakes, Fraud, and Voluntary Consent

The Statute of Frauds

Third Party Rights

Performance and Discharge

Breach of Contract and Remedies

The Formation of Sales and Lease Contracts

Title, Risk, and Insurable Interest

Performance Breach of Sales Lease Contracts

Warranties and Product Liability

The Function Creation of Negotiable Instruments

Transferability and Holder in Due Course

Liability, Defenses, and Discharge

Checks and Banking in the Digital Age

Creditors Rights and Remedies

Secured Transactions

Bankruptcy Law

Mortgages Foreclosures After the Recession

Agency Formation and Duties

Agency Liability and Termination

Employment, Immigration, and Labor Law

Employment Discrimination

Sole Proprietorships and Franchises

Partnerships and Limited Liability Partnerships

Limited Liability Companies Special Business Forms

Corporate Formation and Financing

Corporate Directors, Officers, Shareholders

Corporate Merger, Consolidation, Termination

Securities Law Corporate Governance

Law for Small Business

Administrative Law

Consumer Law

Environmental Law

Antitrust Law

Professional Liaility and Accountability

Personal Property and Bailments

Real Property Landlord-Tenant Relationships

Insurance

Wills and Trusts

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