Question 1

MagNet is a U.S.company based in Utah.It is negotiating to sell $4 million worth of computer goods to a French company,Lassart.Lassart is insisting that the contract be governed by the CISG.What is the requirement for the CISG to apply and what are some of the primary differences between the UCC and the CISG?

Accepted Answer

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Question 2

MicroWare is a U.S.company based in Utah.It is negotiating to sell $4 million worth of computer goods to a French company,Baranger.MicroWare's attorney suggests that payment be by a letter of credit.What is a letter of credit and why does MicroWare's attorney recommend payment by letter of credit?

Accepted Answer

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Question 3

Identify the term for and discuss the legality of a government's taking of property owned by foreign investors.Discuss what action a company might take if it wants to do business abroad but is concerned about losing its property to a foreign government.

Accepted Answer

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Question 4

Laney,Inc.is interested in expanding its business overseas by licensing its intellectual property rights to a German company.Discuss the precautions to take and risks to be aware of before making the decision to enter into a licensing agreement.

Accepted Answer

The answer of Laney,Inc.is interested in expanding its business overseas...

Question 5

Explain what the General Agreement on Tariffs and Trade (GATT)is and give pro and con arguments concerning this agreement.

Accepted Answer

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Question 6

Explain the origin and purpose of the World Trade Organization.

Accepted Answer

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Quiz 8: International Law

MicroWare is a U.S.company based in Utah.It is negotiating to sell $4 million worth of computer goods to a French company,Baranger.MicroWare's attorney suggests that payment be by a letter of credit.What is a letter of credit and why does MicroWare's attorney recommend payment by letter of credit?

Identify the term for and discuss the legality of a government's taking of property owned by foreign investors.Discuss what action a company might take if it wants to do business abroad but is concerned about losing its property to a foreign government.

Laney,Inc.is interested in expanding its business overseas by licensing its intellectual property rights to a German company.Discuss the precautions to take and risks to be aware of before making the decision to enter into a licensing agreement.

Explain what the General Agreement on Tariffs and Trade (GATT)is and give pro and con arguments concerning this agreement.

Explain the origin and purpose of the World Trade Organization.