Question 1

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

Accepted Answer

A bilateral agreement is an agreement made between two parties or countries. In this case, China and India have formed an agreement to govern their commercial exchanges, which is a bilateral agreement.

Question 2

Noggin Development Corporation,a U.S.firm,wishes to participate,but limit its involvement,in Middle Eastern markets.Noggin empowers Ousai,Ltd. ,a Dubai firm,to enter into contracts in certain countries on Noggin's behalf.This is

Accepted Answer

This is an agency relationship where Noggin is empowering Ousai, Ltd. to act on its behalf in certain countries.

Question 3

Senator Smith and other politicians want to restrict the flow of technologically advanced products and data from the United States to other countries.To restrict or encourage exports,Congress can

Accepted Answer

The best choice is to set export quotas, as it allows the government to limit the quantity of products or data that can be exported to other countries. This can help protect sensitive technology and prevent national security risks, while still allowing some exports to flow. Antidumping duties and export taxes could hinder international trade and cause conflicts with trading partners. Doing nothing would not address any concerns about technology flowing out of the country.

Question 4

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

Under federal law, banks are encouraged by credit guaranties to lend funds to support exports, which includes joint ventures between exporting firms. Therefore, Charter Bank would be encouraged to provide a loan to Agro Co-op and Bio Feed.

Question 5

Simpatico Business,Inc. ,a U.S.firm,expands into international markets through a joint venture.In the venture,Simpatico shares

Accepted Answer

The answer of Simpatico Business,Inc. ,a U.S.firm,expands into international markets...

Question 6

Nick,or Nora,or any U.S.citizen,can bring a civil suit in a U.S.court against a foreign entity

Accepted Answer

U.S. citizens can bring a civil suit in a U.S. court against a foreign entity for a tort allegedly committed in the United States or overseas under the Alien Tort Statute (ATS) and the Torture Victim Protection Act (TVPA). However, the jurisdiction and enforceability of the judgment may vary depending on the specific circumstances of the case.

Question 7

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

This is a licensing agreement as Diners Corporation is giving Essen the right to use their trademark in restaurants in Germany.

Question 8

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

No court or international organization has the power to enforce international law within the borders of all nations. While the International Court of Justice and the United Nations General Assembly play important roles in promoting and interpreting international law, they do not have the power to enforce it on a global scale. The enforcement of international law often depends on the cooperation of individual nations and may involve diplomatic pressure, economic sanctions, or other forms of non-forcible measures.

Question 9

Sudan seizes the assets of Triage Medico,Inc. ,a U.S.firm.Triage's recovery from Sudan in a U.S.court may be prevented by

Accepted Answer

The answer of Sudan seizes the assets of Triage Medico,Inc....

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

The law of a particular nation is classified as national law, as it pertains to the legal system and regulations of a specific country. Environmental law pertains to regulations and policies related to the environment, global law refers to laws and regulations that span across multiple countries, and international law pertains to the agreements and treaties between different nations.

Question 11

Wang Ltd. ,a Chinese firm,imports its goods into the United States and offers those goods for sale at "less than fair value." This is

Accepted Answer

"Less than fair value" refers to the practice of selling goods at a price lower than their normal value and often indicates "dumping" of goods into a foreign market.

Question 12

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

This is indirect exporting because Natural Beauty Cosmetics, Inc. is not directly exporting their products to Mexico but instead appointing a Mexican firm to act as their marketing representative.

Question 13

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

Accepted Answer

In a civil law system, the courts are not supposed to develop their own laws but are expected to interpret and apply the existing laws. The concept of stare decisis, which requires courts to follow precedent and make decisions based on previous rulings, is typically found in common law systems. Therefore, option A is incorrect. Option C, which suggests that the courts must create new rules of law, is not entirely accurate as the primary responsibility of law creation lies with the legislature. Option D, which suggests that legal concepts must be developed by case law, may be true in practice, but it is not a fundamental characteristic of a civil law system.

Question 14

Continents Two Corporation,a U.S.firm,establishes a wholly owned subsidiary firm in Argentina.In this situation,Continents Two retains complete control and authority over

Accepted Answer

When a U.S. firm establishes a wholly owned subsidiary in a foreign country, it retains complete control and authority over all of the operations of the subsidiary. Therefore, the correct answer is A) all of the operation.

Question 15

The Association of Southeast Asian Nations is a regional trade association that was created through

Accepted Answer

The Association of Southeast Asian Nations, or ASEAN, was created through a multilateral agreement signed by the founding members, which included Indonesia, Malaysia, Philippines, Singapore, and Thailand, in 1967. Since then, other Southeast Asian countries have joined the association through the same agreement, making it a multilateral organization.

Question 16

Business Abroad,Inc. ,a U.S.firm,obtains a judgment in a U.S.court against Quang Tri,Ltd. ,a Vietnamese business.Whether the court's judgment will be enforced by a court in Vietnam depends on the Vietnamese court's application of

Accepted Answer

The principle of comity is the practice of one country giving deference to and recognizing the laws and judicial decisions of another country. Therefore, whether or not the U.S. court's judgment will be enforced in Vietnam depends on the Vietnamese court's willingness to recognize and enforce the judgment out of comity. The act of state doctrine is a doctrine that requires courts to refrain from questioning the validity of a foreign state's public acts within its own borders. The doctrine of sovereign immunity protects foreign states from being sued in another country's courts. The World Trade Organization is not directly relevant to this scenario as it pertains to international trade regulations.

Question 17

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

The Alien Tort Claims Act allows foreign citizens to bring civil suits in U.S. courts for violations of international law, including human rights abuses committed by foreign governments and their agents. This would be the most appropriate avenue for seeking redress for the alleged human rights violations committed by the government of Burma on behalf of the U.S. firm, Railway Construction Company.

Question 18

Yokima,Ltd. ,and Zenota,S.A. ,transact an international sale of goods.For these parties,and other international buyers and sellers,the United Nations Convention on Contracts for the International Sale of Goods spells out the duties that apply

Accepted Answer

The United Nations Convention on Contracts for the International Sale of Goods applies only when the parties have not agreed otherwise in their contracts. Therefore, the parties can choose to opt out of the Convention and apply their own preferred rules to govern the transaction.

Question 19

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

Accepted Answer

A tariff is a tax on imported goods, including oil. Therefore, the United States taxes each barrel of imported oil at a flat rate is 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

The principle of comity refers to the practice of courts showing deference and respect to the judgments and decisions made by courts in other countries. In this case, the U.S. court is recognizing and enforcing the Irish court's decision, which is an example of the principle of comity. It is not a travesty of justice, nor is it related to the act of state doctrine or the doctrine of sovereign immunity.

Quiz 8: International Law in a Global Economy