Question 1

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

Accepted Answer

The answer of Renew Energy Company, a U.S. firm, and...

Question 2

​Hong 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

The practice of selling goods in a foreign market at prices below the prices charged for those goods in the domestic market or below their cost of production is known as dumping.

Question 3

The management of Sport Shoes Corporation, a U.S. firm, wants to expand into foreign investment and employment markets. They are considering either opening their own production facility in a foreign country or entering into a licensing agreement with a foreign firm. What are the advantages and disadvantages of each of these courses of action?​

Accepted Answer

The answer of The management of Sport Shoes Corporation, a...

Question 4

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​

Accepted Answer

Foreign citizens who allege environmental destruction committed overseas by a U.S. firm can bring civil suits under the Alien Tort Claims Act in U.S. courts. The Alien Tort Claims Act allows foreign citizens to seek remedies for human rights violations committed abroad in U.S. courts.

Question 5

Real World Sports Corporation (RWSC) is a U.S. firm with a workplace in Switzerland. Generally, RWSC must abide by U.S. anti-discrimination laws in Switzerland​

Accepted Answer

As an American firm operating in Switzerland, RWSC must comply with Swiss law, including any anti-discrimination laws that may be different from those in the United States. Therefore, RWSC may not be required to abide by U.S. anti-discrimination laws in Switzerland if doing so would violate Swiss law.

Question 6

World Metals, Inc., a U.S. firm, wants to file a suit in the United States against a Venezuela government agency, alleging a violation of certain international laws. Under the Foreign Sovereign Immunities Act, the agency is​

Accepted Answer

The Foreign Sovereign Immunities Act provides certain exceptions in which a foreign government agency or entity can be subject to the jurisdiction of U.S. courts, including violations of certain international laws. Therefore, the agency in this scenario is not immune from the jurisdiction of U.S. courts.

Question 7

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

Accepted Answer

The government of Japan sets a limit on the amount of rice that can be imported from the United States, which is a quota. A dumping duty is a penalty imposed on goods imported into a country at prices lower than those at which they are sold in their home market. An antidumping duty is the same as a dumping duty, but it is imposed specifically to counteract the negative effects of dumping on domestic producers. A tariff is a tax imposed on goods as they are imported into a country. None of these options accurately describes the situation presented.

Question 8

Northwest Resources, Inc., and Midwest Commodities Corporation are exporting firms that join together to export a line of products. Northwest Resources and Midwest Commodities apply to Commerce Bank for a loan to fund their effort. Under federal law, Commerce and other U.S. banks are​

Accepted Answer

Under federal law, banks are encouraged through credit guaranties to lend to exporting firms like Northwest Resources and Midwest Commodities Corporation. This is because exports can benefit the overall economy by increasing jobs and bringing in foreign currency.

Question 9

​Munchies Bistro Corporation, a U.S. firm, signs a contract with Manger au Brasserie, S.A., a French firm, to give Manger the right to use Munchies's trademark in restaurants in France. This is

Accepted Answer

This is a licensing agreement, where Munchies Bistro Corporation gives Manger au Brasserie, S.A. the right to use their trademark in restaurants in France.

Question 10

Suisse Internationale, a Swiss maker of athletic equipment, enters into a price fixing agreement with Total World Sports, a U.S. wholesaler of Suisse's products. U.S. courts will apply U.S. antitrust laws if​

Accepted Answer

U.S. courts will apply U.S. antitrust laws if the price fixing has a substantial effect on U.S. commerce. This is known as the effects doctrine, which allows U.S. laws to be applied extraterritorially if the conduct has a significant impact on U.S. commerce. Therefore, even though the agreement was made outside the U.S., U.S. antitrust laws can be applied if the price fixing affects U.S. commerce. Options A, B, and D are incorrect because they are not based on the relevant legal principle governing the extraterritorial application of U.S. antitrust laws.

Question 11

Fashion Industries Corporation owns assets in Vietnam, a country in Asia. The government of Vietnam wants to nationalize all assets owned by foreign firms and investors. What can Fashion Industries do? Can it at least obtain payment for the assets?​

Accepted Answer

The answer of Fashion Industries Corporation owns assets in Vietnam,...

Question 12

AgriWorld, a U.S. firm, owns property in Kenya. The government of Kenya seizes the property. AgriWorld claims that this is confiscation. The government of Kenya claims that it is expropriation. The burden of proof lies with​

Accepted Answer

The answer of AgriWorld, a U.S. firm, owns property in...

Quiz 25: International Law in a Global Economy

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

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

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​

Real World Sports Corporation (RWSC) is a U.S. firm with a workplace in Switzerland. Generally, RWSC must abide by U.S. anti-discrimination laws in Switzerland​

World Metals, Inc., a U.S. firm, wants to file a suit in the United States against a Venezuela government agency, alleging a violation of certain international laws. Under the Foreign Sovereign Immunities Act, the agency is​

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

Northwest Resources, Inc., and Midwest Commodities Corporation are exporting firms that join together to export a line of products. Northwest Resources and Midwest Commodities apply to Commerce Bank for a loan to fund their effort. Under federal law, Commerce and other U.S. banks are​

​Munchies Bistro Corporation, a U.S. firm, signs a contract with Manger au Brasserie, S.A., a French firm, to give Manger the right to use Munchies's trademark in restaurants in France. This is

Suisse Internationale, a Swiss maker of athletic equipment, enters into a price fixing agreement with Total World Sports, a U.S. wholesaler of Suisse's products. U.S. courts will apply U.S. antitrust laws if​

Fashion Industries Corporation owns assets in Vietnam, a country in Asia. The government of Vietnam wants to nationalize all assets owned by foreign firms and investors. What can Fashion Industries do? Can it at least obtain payment for the assets?​

AgriWorld, a U.S. firm, owns property in Kenya. The government of Kenya seizes the property. AgriWorld claims that this is confiscation. The government of Kenya claims that it is expropriation. The burden of proof lies with​

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

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

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

Real World Sports Corporation (RWSC) is a U.S. firm with a workplace in Switzerland. Generally, RWSC must abide by U.S. anti-discrimination laws in Switzerland

World Metals, Inc., a U.S. firm, wants to file a suit in the United States against a Venezuela government agency, alleging a violation of certain international laws. Under the Foreign Sovereign Immunities Act, the agency is

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

Northwest Resources, Inc., and Midwest Commodities Corporation are exporting firms that join together to export a line of products. Northwest Resources and Midwest Commodities apply to Commerce Bank for a loan to fund their effort. Under federal law, Commerce and other U.S. banks are

Munchies Bistro Corporation, a U.S. firm, signs a contract with Manger au Brasserie, S.A., a French firm, to give Manger the right to use Munchies's trademark in restaurants in France. This is

Suisse Internationale, a Swiss maker of athletic equipment, enters into a price fixing agreement with Total World Sports, a U.S. wholesaler of Suisse's products. U.S. courts will apply U.S. antitrust laws if

Fashion Industries Corporation owns assets in Vietnam, a country in Asia. The government of Vietnam wants to nationalize all assets owned by foreign firms and investors. What can Fashion Industries do? Can it at least obtain payment for the assets?

AgriWorld, a U.S. firm, owns property in Kenya. The government of Kenya seizes the property. AgriWorld claims that this is confiscation. The government of Kenya claims that it is expropriation. The burden of proof lies with