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.The U.S.court in Tri-national's suit is most likely to apply the principle of comity because

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.The U.S.court in Tri-national's suit is most likely to apply the principle of comity because

Quizplus · Accepted Answer

The principle of comity is the recognition and respect given by one nation to the laws and judicial decisions of another nation. In this case, the U.S. court is likely to apply the principle of comity because the bankruptcy proceedings in the Mexican court appear to be fundamentally fair and not in violation of U.S. public policy. The court may defer to the Mexican court's decision, recognizing that both countries have a stake in promoting international cooperation and respect for each other's legal systems.