Question 1

Energy Company, a U.S. firm, and Fresh Petro, a Dutch firm, enter into a contract that includes an arbitration clause. This clause must provide that the arbitrator will be

Accepted Answer

A)   any specified third party.
B)   the American Arbitration Association.
C)   the Dutch Arbitration Organization.
D)   the International Chamber of Commerce. A

Question 2

Under the U.S. Constitution, Congress can impose export taxes.

Accepted Answer

A) True 
 B)False  False

Question 3

Consolidated Corporation, a U.S. firm, wishes to participate, but limit its involvement, in Middle Eastern markets. Consolidated contracts with 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. B

Question 4

Global Project, a U.S. firm, owns property in Hong Kong. The government of China seizes the property. The firm claims that this is confiscation. The government claims that it is expropriation. The difference concerns

Accepted Answer

A)   the location of the seizure and the nature of its government.
B)   the purpose of the seizure and the payment of compensation.
C)   the business of the firm and the citizenship of its owners.
D)   none of the choices.

Question 5

The government of Japan sets a limit on the amount of rice that can be imported from the United States. This is

Accepted Answer

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

Question 6

Regional trade agreements and associations help to minimize trade barriers among nations.

Accepted Answer

A) True 
 B)False

Question 7

Overland Rail 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 8

In the United States, each government agency that operates or authorizes spacecraft is responsible for complying with U.S. law and international treaties.

Accepted Answer

A) True 
 B)False

Question 9

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 10

International space law consists of international treaties primarily negotiated by the United States and Russia.

Accepted Answer

A) True 
 B)False

Question 11

Retail Operations, Inc., a U.S. firm, obtains a judgment in a U.S. court against Shinobu, Ltd., a Japanese business. Whether the court's judgment will be enforced by a court in Japan depends on the Japanese court's application of

Accepted Answer

A)   the act of state doctrine.
B)   the doctrine of sovereign immunity.
C)   the principle of comity.
D)   the Foreign Sovereign Immunities Act.

Question 12

Because international contracts cross the laws of multiple countries, parties to an international contract can choose the law that will apply to the contract.

Accepted Answer

A) True 
 B)False

Question 13

Because business activities can affect national interests, nations impose laws to restrict or facilitate international business.

Accepted Answer

A) True 
 B)False

Question 14

The principle of comity states that the courts of one country will not examine the validity of government acts of a foreign country within that country's own borders.

Accepted Answer

A) True 
 B)False

Question 15

Restrictions on imports include quotas and tariffs.

Accepted Answer

A) True 
 B)False

Question 16

Courts apply International law in the interest of maintaining judicial power across borders.

Accepted Answer

A) True 
 B)False

Question 17

Burger Heaven, a U.S. firm, makes a deal with a Canadian firm, Donny's Diners, that allows Donny's to use Burger Heaven's intellectual property in Canada in return for a fee and a promise to follow Burger Heaven's guidelines and standards. This is

Accepted Answer

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

Question 18

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.

Question 19

Equity International Inc., a U.S. firm, and Finance Invest Ltd., a firm in Great Britain, are parties to a contract with a choice-of-forum 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)   any "choice," or superior, forum.

Question 20

The U.S. National Aeronautics and Space Administration launches a commercial satellite that falls out of orbit and returns to earth outside U.S. territory. All nations are to assist in recovering the satellite under

Accepted Answer

A)   the Rescue Agreement.
B)   the Outer Space Treaty.
C)   the Liability Convention.
D)   the Commercial Space Launch Act.

Exam 43: International and Space Law

Energy Company, a U.S. firm, and Fresh Petro, a Dutch firm, enter into a contract that includes an arbitration clause. This clause must provide that the arbitrator will be

Under the U.S. Constitution, Congress can impose export taxes.

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

Global Project, a U.S. firm, owns property in Hong Kong. The government of China seizes the property. The firm claims that this is confiscation. The government claims that it is expropriation. The difference concerns

The government of Japan sets a limit on the amount of rice that can be imported from the United States. This is

Regional trade agreements and associations help to minimize trade barriers among nations.

Overland Rail 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

In the United States, each government agency that operates or authorizes spacecraft is responsible for complying with U.S. law and international treaties.

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

International space law consists of international treaties primarily negotiated by the United States and Russia.

Retail Operations, Inc., a U.S. firm, obtains a judgment in a U.S. court against Shinobu, Ltd., a Japanese business. Whether the court's judgment will be enforced by a court in Japan depends on the Japanese court's application of

Because international contracts cross the laws of multiple countries, parties to an international contract can choose the law that will apply to the contract.

Because business activities can affect national interests, nations impose laws to restrict or facilitate international business.

The principle of comity states that the courts of one country will not examine the validity of government acts of a foreign country within that country's own borders.

Restrictions on imports include quotas and tariffs.

Courts apply International law in the interest of maintaining judicial power across borders.

Burger Heaven, a U.S. firm, makes a deal with a Canadian firm, Donny's Diners, that allows Donny's to use Burger Heaven's intellectual property in Canada in return for a fee and a promise to follow Burger Heaven's guidelines and standards. This is

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

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

The U.S. National Aeronautics and Space Administration launches a commercial satellite that falls out of orbit and returns to earth outside U.S. territory. All nations are to assist in recovering the satellite under