Question 1

Mexico is likely to defer and give effect to the laws and judicial decrees of the United States as long as

Accepted Answer

A)  the laws and decrees are consistent with Mexican law and public policy. 
B)  smaller countries fear and are intimidated by more powerful nations. 
C)  poorer countries admire and envy richer nations. 
D)  all of the choices.

Question 2

A U.S. firm cannot license a foreign manufacturing company to use its intellectual property or trade secrets.

Accepted Answer

A) True 
 B)False

Question 3

In international business, franchising involves

Accepted Answer

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

Question 4

The act of state doctrine immunizes foreign nations from the jurisdiction of U.S. courts when certain conditions are satisfied.

Accepted Answer

A) True 
 B)False

Question 5

Mining Company, a U.S. firm, owns property in Bolivia. The government of Bolivia seizes the property for an illegal purpose without paying just compensation. This is

Accepted Answer

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

Question 6

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 7

A choice-of-language clause designates the official language for a contract's interpretation.

Accepted Answer

A) True 
 B)False

Question 8

A distribution agreement is a contract between the seller and the distributor setting out the terms and conditions of the distributorship.

Accepted Answer

A) True 
 B)False

Question 9

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 10

Finance 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)  made a political decision that impacts the United States.

Question 11

Many remedies are available for confiscation of property by a foreign government.

Accepted Answer

A) True 
 B)False

Question 12

Sufficient business develops in France for Graphic Comics Inc., a U.S. firm, to appoint Comics Graphique Ltd., a French firm, to act as Graphic's marketing representative in France. This is

Accepted Answer

A)  direct exporting. 
B)  franchising. 
C)  indirect exporting. 
D)  licensing.

Question 13

In an international contract, under a force majeure clause, a party may be excused from liability for nonperformance by

Accepted Answer

A)  changes in price. 
B)  the principal of comity. 
C)  an embargo. 
D)  corporate office turnover.

Question 14

Under the Outer Space Treaty, the outer space activities of private entities require authorization and supervision by

Accepted Answer

A)  the United Nations. 
B)  an internationally recognized space agency. 
C)  a government. 
D)  its owners only.

Question 15

Universally accepted rules govern which court has jurisdiction over parties to a dispute involving a deal struck between a U.S. company and a company in another country.

Accepted Answer

A) True 
 B)False

Question 16

Venezuela seizes the assets of World Oil, Inc., a U.S. firm. World Oil's recovery from Venezuela in a U.S. court may be prevented by

Accepted Answer

A)  the act of state doctrine. 
B)  the doctrine of sovereign immunity. 
C)  force majeure . 
D)  the principle of comity.

Question 17

The Outer Space Treaty declares that internationally recognized political boundaries extend from Earth into the farthest reaches of space.

Accepted Answer

A) True 
 B)False

Question 18

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.

Question 19

The Foreign Sovereign Immunities Act governs the circumstances in which an action may be brought in the United States against a foreign nation.

Accepted Answer

A) True 
 B)False

Question 20

International law is formed as result of international customs, treaties, and organizations.

Accepted Answer

A) True 
 B)False

Exam 43: International and Space Law

Mexico is likely to defer and give effect to the laws and judicial decrees of the United States as long as

A U.S. firm cannot license a foreign manufacturing company to use its intellectual property or trade secrets.

In international business, franchising involves

The act of state doctrine immunizes foreign nations from the jurisdiction of U.S. courts when certain conditions are satisfied.

Mining Company, a U.S. firm, owns property in Bolivia. The government of Bolivia seizes the property for an illegal purpose without paying just compensation. This is

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?

A choice-of-language clause designates the official language for a contract's interpretation.

A distribution agreement is a contract between the seller and the distributor setting out the terms and conditions of the distributorship.

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

Finance 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

Many remedies are available for confiscation of property by a foreign government.

Sufficient business develops in France for Graphic Comics Inc., a U.S. firm, to appoint Comics Graphique Ltd., a French firm, to act as Graphic's marketing representative in France. This is

In an international contract, under a force majeure clause, a party may be excused from liability for nonperformance by

Under the Outer Space Treaty, the outer space activities of private entities require authorization and supervision by

Universally accepted rules govern which court has jurisdiction over parties to a dispute involving a deal struck between a U.S. company and a company in another country.

Venezuela seizes the assets of World Oil, Inc., a U.S. firm. World Oil's recovery from Venezuela in a U.S. court may be prevented by

The Outer Space Treaty declares that internationally recognized political boundaries extend from Earth into the farthest reaches of space.

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

The Foreign Sovereign Immunities Act governs the circumstances in which an action may be brought in the United States against a foreign nation.

International law is formed as result of international customs, treaties, and organizations.