Question 1

The Outer Space Treaty provides that a nation retains jurisdiction over objects on its space registry that are launched into space. The treaty also prohibits interference with space activities. In effect, these provisions

Accepted Answer

A)  ban the national appropriation of territory in space.
B)  protect property rights with respect to private space activities.
C)  assert sovereignty over celestial bodies.
D)  declare exclusive international jurisdiction over space locations. B

Question 2

Fiscal Corporation, a U.S. firm, files a suit against Ghana in a U.S. court. Under the Foreign Sovereign Immunities Act, Ghana is immune from the jurisdiction of the court if Ghana has

Accepted Answer

A)  engaged in commercial activity within the United States.
B)  engaged in commercial activity outside the United States that has a direct effect in the United States.
C)  committed a tort in the United States.
D)  none of the choices. D

Question 3

Normal trade relations status granted to a member of the World Trade Organization means that the member will receive other members' most favorable treatment with regard to imports and exports.

Accepted Answer

A) True 
 B)False  True

Question 4

A nation that launches objects into space is absolutely liable for personal injury and property damage caused by its objects on Earth or in flight.

Accepted Answer

A) True 
 B)False

Question 5

Consolidated Corporation, a U.S. firm, wishes to participate, but limit its involvement, in Middle Eastern markets. Consolidated empowers Doha Ltd., an Egyptian firm, to enter into contracts in certain countries on behalf of Consolidated. This is

Accepted Answer

A)  a distribution agreement.
B)  an agency relationship.
C)  indirect exporting.
D)  direct exporting.

Question 6

Habitat Corporation, a U.S. firm, owns property in India. The government of India seizes the property for a proper public purpose and pays the firm just compensation. This is

Accepted Answer

A)  confiscation.
B)  the act of state doctrine.
C)  the doctrine of sovereign immunity.
D)  expropriation.

Question 7

Market Maven Inc., a U.S. firm, can license a foreign manufacturing company to use its

Accepted Answer

A)  patented intellectual property.
B)  trade secrets.
C)  trademarked brand.
D)  any of the choices.

Question 8

Global Industries Corporation owns assets in Kazakhstan, a country in Asia. The government of Kazakhstan wants to nationalize all assets owned by foreign firms and investors. What can Global Industries do? Can it at least obtain payment for the assets?

Accepted Answer

The answer of Global Industries Corporation owns assets in Kazakhstan,...

Question 9

Under the Outer Space Treaty, with respect to a space object and the personnel aboard it, the launching state

Accepted Answer

A)  forfeits supervisory authority to the United Nations.
B)  shares dominion and responsibility with the United Nations.
C)  retains complete jurisdiction and control.
D)  grants political autonomy to those aboard the object.

Question 10

Trade barriers are

Accepted Answer

A)  restrictions on imports.
B)  restrictions on exports.
C)  the lack of incentives and subsidies to stimulate imports.
D)  the lack of incentives and subsidies to stimulate exports.

Question 11

Lunchies Corporation, a U.S. firm, signs a contract with Manger au Brasserie, S.A., a French firm, to give Manger the right to use the Lunchies trademark in restaurants in France. This is

Accepted Answer

A)  a distribution agreement.
B)  indirect exporting.
C)  direct exporting.
D)  licensing.

Question 12

Under United Nations guidelines, objects no longer in operation should be removed from orbit if this can be accomplished in a controlled manner.

Accepted Answer

A) True 
 B)False

Question 13

Agri Products Inc., a U.S. firm, signs a contract with Bao Ltd., a Chinese firm, to distribute Agri's products in China. The most likely reason for this deal is

Accepted Answer

A)  China represents a substantial market for Agri.
B)  China is a new market for Agri.
C)  Agri will thereby avoid jurisdictional and contract-law issues.
D)  Agri prefers to limit its involvement in Chinese markets.

Question 14

U.S. law allows U.S. citizens, including private companies to engage in the commercial exploration and exploitation of space resources.

Accepted Answer

A) True 
 B)False

Question 15

The federal Alien Tort Claims Act allows foreign citizens, but not U.S. citizens, to file civil actions in U.S. courts for torts that were committed abroad.

Accepted Answer

A) True 
 B)False

Question 16

Star Flights Inc. launches commercial space flights from its base in the United States. In the event of a collision with other space objects, under the Outer Space Treaty, liability for injury or damage

Accepted Answer

A)  is to be assumed by all involved parties equitably
B)  is strict liability-that is, liability without fault.
C)  is subject to a determination of fault.
D)  does not exist.

Question 17

Equity International Inc., a U.S. firm, and Finance Invest Ltd., a firm in Great Britain, are parties to a contract with a forum-selection clause. The forum specified in the clause must be within the geographic boundaries of

Accepted Answer

A)  the United States.
B)  Great Britain.
C)  none of the choices.
D)  a "select" forum, such as a United Nations protectorate.

Question 18

Airbud Corporation, a U.S. firm, signs a contract with Bueno Computadores Ltd., an Argentinean firm, for a shipment and payment for Airbud's goods. This is

Accepted Answer

A)  a distribution agreement.
B)  indirect exporting.
C)  direct exporting.
D)  licensing.

Question 19

In international business, franchising involves

Accepted Answer

A)  a license.
B)  a distribution agreement.
C)  a subsidiary.
D)  direct exporting.

Question 20

Under the Outer Space Treaty, a moon, a planet, an asteroid, or any other celestial body is subject to the appropriation of

Accepted Answer

A)  the first nation to explore it.
B)  the first nation to exploit it.
C)  the first nation to claim title to it.
D)  no single nation.

Exam 24: International and Space Law

The Outer Space Treaty provides that a nation retains jurisdiction over objects on its space registry that are launched into space. The treaty also prohibits interference with space activities. In effect, these provisions

Fiscal Corporation, a U.S. firm, files a suit against Ghana in a U.S. court. Under the Foreign Sovereign Immunities Act, Ghana is immune from the jurisdiction of the court if Ghana has

Normal trade relations status granted to a member of the World Trade Organization means that the member will receive other members' most favorable treatment with regard to imports and exports.

A nation that launches objects into space is absolutely liable for personal injury and property damage caused by its objects on Earth or in flight.

Consolidated Corporation, a U.S. firm, wishes to participate, but limit its involvement, in Middle Eastern markets. Consolidated empowers Doha Ltd., an Egyptian firm, to enter into contracts in certain countries on behalf of Consolidated. This is

Habitat Corporation, a U.S. firm, owns property in India. The government of India seizes the property for a proper public purpose and pays the firm just compensation. This is

Market Maven Inc., a U.S. firm, can license a foreign manufacturing company to use its

Global Industries Corporation owns assets in Kazakhstan, a country in Asia. The government of Kazakhstan wants to nationalize all assets owned by foreign firms and investors. What can Global Industries do? Can it at least obtain payment for the assets?

Under the Outer Space Treaty, with respect to a space object and the personnel aboard it, the launching state

Trade barriers are

Lunchies Corporation, a U.S. firm, signs a contract with Manger au Brasserie, S.A., a French firm, to give Manger the right to use the Lunchies trademark in restaurants in France. This is

Under United Nations guidelines, objects no longer in operation should be removed from orbit if this can be accomplished in a controlled manner.

Agri Products Inc., a U.S. firm, signs a contract with Bao Ltd., a Chinese firm, to distribute Agri's products in China. The most likely reason for this deal is

U.S. law allows U.S. citizens, including private companies to engage in the commercial exploration and exploitation of space resources.

The federal Alien Tort Claims Act allows foreign citizens, but not U.S. citizens, to file civil actions in U.S. courts for torts that were committed abroad.

Star Flights Inc. launches commercial space flights from its base in the United States. In the event of a collision with other space objects, under the Outer Space Treaty, liability for injury or damage

Equity International Inc., a U.S. firm, and Finance Invest Ltd., a firm in Great Britain, are parties to a contract with a forum-selection clause. The forum specified in the clause must be within the geographic boundaries of

Airbud Corporation, a U.S. firm, signs a contract with Bueno Computadores Ltd., an Argentinean firm, for a shipment and payment for Airbud's goods. This is

In international business, franchising involves

Under the Outer Space Treaty, a moon, a planet, an asteroid, or any other celestial body is subject to the appropriation of