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Exam 11: International Law in a Global Economy

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Question 21

Multiple Choice

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Suisse Internationale, a Swiss maker of athletic equipment, enters into a price fixing agreement with Total World Sports, a U.S.wholesaler of Suisse's products.U.S.courts will apply U.S.antitrust laws if

A) the agreement was made in Switzerland.
B) the agreement was made in the United States.
C) the price fixing has a substantial effect on U.S.commerce.
D) the Swiss government agrees to be sued in the United States.

E) A) and B)
F) A) and C)

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Question 22

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Expropriation occurs when a government seizes private property for an illegal purpose and awards just compensation.

A) True
B) False

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Question 23

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Capital Diversified Corporation (CDC)owns assets in Dagistan, a new country in Asia.The government of Dagistan wants to nationalize all assets owned by foreign firms and investors.What can CDC do Can it at least obtain payment for the assets

Fact Pattern 9-1 First State Bank issues a letter of credit in favor of Oboe Company, an American firm, to facilitate an international sales contract to buy resources from Lapland Mining, Ltd., a Finnish company. -Refer to Fact Pattern 9-1.In a letter of credit, the beneficiary is

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

Dumping is the sale of imported goods at "greater than fair value."

Chiang Ltd., a Chinese firm, imports its goods into the United States and offers those goods for sale at "less than fair value." This is

Under the principle of comity, one nation may defer and give effect to the laws and judicial decrees of another country.

Soleful Shoes, Inc.owns property in Somalia.The Somalian government seizes the property.In order for the seizure to be considered an expropriation and not a confiscation, the Somalian government must

Sudan seizes the assets of Triage Medical, Inc., a U.S.firm.Triage's recovery from Sudan in a U.S.court may be prevented by

Tariffs are imposed only on exports.

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

A foreign citizen can bring a civil suit in a U.S.court for a violation of a treaty of the United States.

A clause in a contract between Timber Corporation, a U.S.business, and Wang, Ltd., a Japanese business, specifies that disputes over the contract will be adjudicated in the United States.This is

Congress cannot impose any restrictions on exports except taxes.

All nations have restrictions on imports.

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

Diners Corporation, a U.S.firm, signs a contract with Essen, A,G., a German firm, to give Essen the right to use Diners' trademark in restaurants in Germany.This is

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

WiFi Corporation, a U.S.firm, signs a contract with Bueno Computadores, Ltd., an Argentinean firm, for a shipment and payment for WiFi's goods.This is