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Business Law Today Standard Text
Exam 16: International Law in a Global Economy
Path 4
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Question 21
True/False
Expropriation occurs when a government seizes private property for a proper purpose and awards just compensation.
Question 22
Multiple Choice
UniOil, a U.S. firm, owns property in Nicaragua. When the government of Nicaragua seizes the property, UniOil asks a U.S. court to order the property's return. The court rules that Nicaragua is exempt from the court's jurisdiction. This is
Question 23
Multiple Choice
Nakeya and other foreign citizens allege environmental destruction committed overseas by the government of Cameroon on behalf of Earth Mining Company, a U.S. firm. To seek redress for their injuries in a U.S. court, these citizens can
Question 24
True/False
International contracts rarely include arbitration clauses.
Question 25
True/False
The primary goal of the North American Free Trade Agreement is to eliminate tariffs among the United States, Canada, and Mexico.
Question 26
Multiple Choice
The United States taxes each barrel of imported oil at a flat rate. This is
Question 27
True/False
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.
Question 28
True/False
The chief aim of the World Trade Organization is to minimize trade barriers among its members.
Question 29
Multiple Choice
Global Holdings, Inc. owns property in Kazakhstan. The Kazakhstan government seizes the property. In order for the seizure to be considered an expropriation and not a confiscation, the Kazakhstan government must