Fact Pattern 23-1B
Sociedad Guarantia (SG),a Mexican firm,borrows $1 million from Tri-national Bank,a U.S.firm.Later,SG files for bankruptcy under Mexican law and asks the Mexican court to order the reimbursement of payments on the loan.Tri-national files a suit against SG in a U.S.court,arguing that the funds do not belong to SG.
-Refer to Fact Pattern 23-1B.Under the principle of comity,the U.S.court in Tri-national's suit is most likely to

Question

Fact Pattern 23-1B 
Sociedad Guarantia (SG),a Mexican firm,borrows $1 million from Tri-national Bank,a U.S.firm.Later,SG files for bankruptcy under Mexican law and asks the Mexican court to order the reimbursement of payments on the loan.Tri-national files a suit against SG in a U.S.court,arguing that the funds do not belong to SG.
-Refer to Fact Pattern 23-1B.Under the principle of comity,the U.S.court in Tri-national's suit is most likely to

Quizplus · Accepted Answer

The principle of comity requires courts to show mutual respect for the laws and judicial decisions of other countries. In this case, the Mexican court has jurisdiction over the bankruptcy proceedings of SG and any decision made by the court must be respected by the U.S. court. Therefore, the U.S. court is most likely to dismiss Tri-national's suit since the funds are under the control of the Mexican court.