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Exam 16: International Law in a Global Economy

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Question 31

True/False

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The chief aim of the European Union is to maximize trade barriers among its members.

A) True
B) False

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Question 32

Multiple Choice

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To obtain a contract with the Chinese government, Road & Bridge Engineering Corporation, a U.S. firm, gives a Chinese official a sport utility vehicle. This may violate​

A) ​the act of state doctrine.
B) ​the doctrine of sovereign immunity.
C) ​the Foreign Corrupt Practices Act.
D) ​the principle of comity.

E) All of the above
F) A) and B)

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Question 33

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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​

The act of state doctrine provides that the executive branch of one country will not examine the validity of public acts committed by a recognized foreign government within its own territory.

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?​

Confiscation occurs when a government seizes private property for an illegal purpose or without just compensation.

Mont Blanc S.A., a French firm, imports its goods into the United States and offers those goods for sale at "less than fair value." "Fair value" is the price of Mont Blanc's goods in​

Under the principle of comity, all foreign governments are subject to all U.S. laws.

Michael, a citizen of Ireland, and Nina, a citizen of the United States, enter into a contract. When Nina breaches the contract, Michael obtains an award of damages in an Irish court. He asks a U.S. court to enforce the award. The U.S. court defers to and enforces the Irish court’s decree. This is

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​

Significant business develops in Spain for Graphic Comix, Inc., a U.S. firm. Graphic Comix appoints Comicas Graphico, Ltd., a Spanish firm, to act as Graphic Comix's marketing representative in Spain. This is​

Firms overseas have almost total legal protection against government acts in the countries in which they operate, under the act of state doctrine.

U.S. laws that prohibit discrimination in employment apply to U.S. employees working for U.S. firms located abroad.

In a joint venture, the parent company in the United States retains complete ownership and authority over all phases of the operation.

Dark Chocolate, Inc., a U.S. firm, enters into an agreement with Columbiana Cacao, S.A., a South American firm, to fix the price of imported chocolate in the U.S. market. If the agreement is a per se violation of U.S. antitrust laws, a U.S. court could exercise jurisdiction over​

Optima Medico Corporation, a U.S. firm, signs a contract with Pharma Beneficial, Ltd., a Canadian firm, to give Pharma the right to sell Optima's products in Canada. This is​

Dumping is the exporting of environmentally polluting goods to a foreign market.

Restrictions on imports may not include quotas.

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​