Question 1

Mountain Mining Company,a U.S.firm,owns property in Bolivia.The government of Bolivia seizes the property for an illegal purpose without paying just compensation.This is

Accepted Answer

A)  confiscation.
B)  defalcation.
C)  dumping.
D)  expropriation.E) None of the above
F) A) and B)

Question 2

Fabiola,or any foreign citizen,can bring a civil suit in a U.S.court for

Accepted Answer

A)  a violation of a treaty of the United States only.
B)  a violation of a treaty of the United States or of the law of nations.
C)  a violation of the law of nations only.
D)  no purpose.E) B) and C)
F) A) and B)

Question 3

Bytes Business Corporation,a U.S.firm,and Comida Comercial,S.A. ,a Mexican firm,are parties to a contract that does not specify a choice of law.The govern?ing law is that of

Accepted Answer

A)  any third country.
B)  Spain.
C)  the buyer's place of business.
D)  the seller's place of business.E) A) and D)
F) A) and C)

Question 4

Tariffs are taxes on imports.

Accepted Answer

A) True 
 B)False

Question 5

The principle of comity is based primarily on international treaties.

Accepted Answer

A) True 
 B)False

Question 6

In the international legal environment of business,the law of a particular nation,such as Brazil,China,or India,is classified as

Accepted Answer

A)  environmental law.
B)  extra-legal law.
C)  international law.
D)  national law.E) C) and D)
F) None of the above

Question 7

In a civil law system,courts impose only civil sanctions for the commission of crimes.

Accepted Answer

A) True 
 B)False

Question 8

Under the principle of comity,a foreign business that deals with a U.S.business may be subject to U.S.law.

Accepted Answer

A) True 
 B)False

Question 9

KO Marketing Company,a U.S.firm,signs a contract with Librador Corporacion,a Chilean firm,to give Librador the right to use Innovative's animation techniques and characters in product promotions.This is

Accepted Answer

A)  a distribution agreement.
B)  a joint venture.
C)  direct exporting.
D)  licensing.E) A) and B)
F) None of the above

Question 10

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

A)  confiscation.
B)  defalcation.
C)  dumping.
D)  expropriation.E) A) and B)
F) A) and C)

Question 11

Yokio,Ltd. ,and Zeno,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

A)  if Article 2 of the Uniform Commercial Code does not apply.
B)  if a dispute is submitted to the International Court of Justice.
C)  if the parties have not agreed otherwise in their contracts.
D)  under all circumstances.E) None of the above
F) A) and C)

Question 12

A contract for an international business deal should not specify a method of payment.

Accepted Answer

A) True 
 B)False

Question 13

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

Accepted Answer

A)  are obligated to follow the doctrine of stare decisis.
B)  may not develop their own laws.
C)  must create new rules of law.
D)  must develop legal concepts by case law.E) A) and B)
F) A) and C)

Question 14

A clause in a contract between Lumber Products Corporation,a U.S.business,and Misuda,Ltd. ,a Japanese business,specifies that disputes over the con?tract will be adjudicated in the United States.This is

Accepted Answer

A)  a choice-of-forum clause.
B)  a choice-of-law clause.
C)  a force majeure clause.
D)  an arbitration clause.E) B) and D)
F) A) and C)

Question 15

The simplest way for a U.S.firm to do business in a foreign mar?ket is to ex?port its products directly to that market.

Accepted Answer

A) True 
 B)False

Question 16

Aung-San and other Burmese citizens allege that Railway Construction Company,a U.S.firm,collaborated with the government of Myanmar (Burma) in committing human rights violations within that country.To seek redress for their injuries in a U.S.court,these citizens can

Accepted Answer

A)  "blow the whistle" under the Sarbanes-Oxley Act.
B)  bring civil suits under the Alien Tort Claims Act.
C)  file criminal complaints under Title VII of the Civil Rights Act.
D)  do nothing.E) B) and C)
F) A) and D)

Question 17

A U.S.citizen can bring a civil suit in a U.S.court against a U.S.entity for a tort allegedly committed overseas.

Accepted Answer

A) True 
 B)False

Question 18

World Trading Company imports products made in South America to North America,including the United States.Restrictions on these imports may include

Accepted Answer

A)  neither quotas nor tariffs.
B)  quotas only.
C)  quotas or tariffs.
D)  tariffs only.E) All of the above
F) B) and D)

Question 19

Confiscation occurs when a government seizes private property for a proper public purpose and awards "just confiscation."

Accepted Answer

A) True 
 B)False

Question 20

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

Accepted Answer

A)  a dumping duty.
B)  an antidumping duty.
C)  a quota.
D)  a tariff.E) A) and B)
F) A) and C)

Exam 32: International Law in a Global Economy

A contract for an international business deal should not specify a method of payment.

Correct AnswerverifiedShow Answer

A clause in a contract between Lumber Products Corporation,a U.S.business,and Misuda,Ltd. ,a Japanese business,specifies that disputes over the con?tract will be adjudicated in the United States.This is

Correct AnswerverifiedShow Answer

Fabiola,or any foreign citizen,can bring a civil suit in a U.S.court for

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Tariffs are taxes on imports.

Correct AnswerverifiedShow Answer

A U.S.citizen can bring a civil suit in a U.S.court against a U.S.entity for a tort allegedly committed overseas.

Correct AnswerverifiedShow Answer

KO Marketing Company,a U.S.firm,signs a contract with Librador Corporacion,a Chilean firm,to give Librador the right to use Innovative's animation techniques and characters in product promotions.This is

Correct AnswerverifiedShow Answer

The principle of comity is based primarily on international treaties.

Correct AnswerverifiedShow Answer

Under the principle of comity,a foreign business that deals with a U.S.business may be subject to U.S.law.

Correct AnswerverifiedShow Answer

Aung-San and other Burmese citizens allege that Railway Construction Company,a U.S.firm,collaborated with the government of Myanmar (Burma) in committing human rights violations within that country.To seek redress for their injuries in a U.S.court,these citizens can

Correct AnswerverifiedShow Answer

In a civil law system,courts impose only civil sanctions for the commission of crimes.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

World Trading Company imports products made in South America to North America,including the United States.Restrictions on these imports may include

Correct AnswerverifiedShow Answer

Confiscation occurs when a government seizes private property for a proper public purpose and awards "just confiscation."

Correct AnswerverifiedShow Answer

Bytes Business Corporation,a U.S.firm,and Comida Comercial,S.A. ,a Mexican firm,are parties to a contract that does not specify a choice of law.The govern?ing law is that of

Correct AnswerverifiedShow Answer

The simplest way for a U.S.firm to do business in a foreign mar?ket is to ex?port its products directly to that market.

Correct AnswerverifiedShow Answer

In the international legal environment of business,the law of a particular nation,such as Brazil,China,or India,is classified as

Correct AnswerverifiedShow Answer

Yokio,Ltd. ,and Zeno,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

Correct AnswerverifiedShow Answer

Mountain Mining Company,a U.S.firm,owns property in Bolivia.The government of Bolivia seizes the property for an illegal purpose without paying just compensation.This is

Correct AnswerverifiedShow Answer

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