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Exam 7: International Law in a Global Economy

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Question 41

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UniOil,a U.S.firm,owns property in Venezuela.When the government of Venezuela seizes the property,UniOil asks a U.S.court to order the property's return.The court rules that Venezuela is exempt from the court's jurisdiction.This is

A) a travesty of justice.
B) the act of state doctrine.
C) the doctrine of sovereign immunity.
D) the principle of comity.

E) C) and D)
F) B) and C)

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Question 42

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Tariffs are imposed only on exports.

A) True
B) False

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Question 43

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An international custom is a general practice accepted in the international arena as law.

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.

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

Restrictions on exports may include tariffs.

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

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

Premier Clothing,Inc.,a U.S.firm,obtains a judgment in a U.S.court against Quang Tri,Ltd.,a Vietnamese business.Whether the court's judgment will be enforced by a court in Vietnam depends on the Vietnamese court's application of

Yoko,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

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

Congresswoman Pelosi and other politicians want to prohibit the import of certain agricultural products that pose a danger to domestic crops.With respect to these products' import,Congress can