Question 1

A foreign state is immune from the jurisdiction of U.S. courts as long as the state is involved in commercial activity in the United States.

Accepted Answer

A) True 
 B)False

Question 2

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

Accepted Answer

A)  a travesty of justice.
B)  theact of state doctrine.
C)  thedoctrine of sovereign immunity.
D)  theprinciple of comity.E) A) and D)
F) A) and C)

Question 3

International contracts rarely include arbitration clauses.

Accepted Answer

A) True 
 B)False

Question 4

Franchising is a form of licensing.

Accepted Answer

A) True 
 B)False

Question 5

According to the Foreign Sovereign Immunities Act,a foreign state that waived its immunity by implication is subject to the jurisdiction of the U.S. courts.

Accepted Answer

A) True 
 B)False

Question 6

Restrictions on imports may not include tariffs.

Accepted Answer

A) True 
 B)False

Question 7

Under the Foreign Sovereign Immunities Act,a foreign state can be a political subdivision of a foreign state.

Accepted Answer

A) True 
 B)False

Question 8

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

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

Question 9

In direct exporting,a U.S. company signs a sales contract with a foreign purchaser that provides for the conditions of shipment and payment of goods.

Accepted Answer

A) True 
 B)False

Question 10

The U.S. corporation Burger Heaven makes a deal with an Icelandic firm that allows the Icelandic firm to use Burger Heaven's trade name in Iceland in return for a fee. This is

Accepted Answer

A)  a franchise.
B)  piracy.
C)  a joint venture.
D)  direct exporting.E) B) and D)
F) A) and D)

Question 11

Expropriation occurs when a government seizes private property for a proper pur-pose and awards just compensation.

Accepted Answer

A) True 
 B)False

Question 12

Without permission,a Russian firm names itself McDonald's and begins selling hamburgers and French fries in Russia. This is

Accepted Answer

A)  piracy.
B)  a licensing agreement.
C)  indirect exporting.
D)  franchising.E) A) and B)
F) All of the above

Exam 19: International Law in a Global Economy

Expropriation occurs when a government seizes private property for a proper pur-pose and awards just compensation.

Correct Answer
verified

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

Correct Answer
verified

A foreign state is immune from the jurisdiction of U.S. courts as long as the state is involved in commercial activity in the United States.

Correct Answer
verified

In direct exporting,a U.S. company signs a sales contract with a foreign purchaser that provides for the conditions of shipment and payment of goods.

Correct Answer
verified

Without permission,a Russian firm names itself McDonald's and begins selling hamburgers and French fries in Russia. This is

Correct Answer
verified

Under the Foreign Sovereign Immunities Act,a foreign state can be a political subdivision of a foreign state.

Correct Answer
verified

According to the Foreign Sovereign Immunities Act,a foreign state that waived its immunity by implication is subject to the jurisdiction of the U.S. courts.

Correct Answer
verified

International contracts rarely include arbitration clauses.

Correct Answer
verified

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

Correct Answer
verified

Restrictions on imports may not include tariffs.

Correct Answer
verified

Franchising is a form of licensing.

Correct Answer
verified

The U.S. corporation Burger Heaven makes a deal with an Icelandic firm that allows the Icelandic firm to use Burger Heaven's trade name in Iceland in return for a fee. This is

Correct Answer
verified

Exam 19: International Law in a Global Economy

Expropriation occurs when a government seizes private property for a proper pur-pose and awards just compensation.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

A foreign state is immune from the jurisdiction of U.S. courts as long as the state is involved in commercial activity in the United States.

Correct AnswerverifiedShow Answer

In direct exporting,a U.S. company signs a sales contract with a foreign purchaser that provides for the conditions of shipment and payment of goods.

Correct AnswerverifiedShow Answer

Without permission,a Russian firm names itself McDonald's and begins selling hamburgers and French fries in Russia. This is

Correct AnswerverifiedShow Answer

Under the Foreign Sovereign Immunities Act,a foreign state can be a political subdivision of a foreign state.

Correct AnswerverifiedShow Answer

According to the Foreign Sovereign Immunities Act,a foreign state that waived its immunity by implication is subject to the jurisdiction of the U.S. courts.

Correct AnswerverifiedShow Answer

International contracts rarely include arbitration clauses.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Restrictions on imports may not include tariffs.

Correct AnswerverifiedShow Answer

Franchising is a form of licensing.

Correct AnswerverifiedShow Answer

The U.S. corporation Burger Heaven makes a deal with an Icelandic firm that allows the Icelandic firm to use Burger Heaven's trade name in Iceland in return for a fee. This is

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
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verified

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Correct Answer
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Correct Answer
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