Question 1

Star Flights Inc.launches exploratory and commercial space flights from its base in the United States.In the event of a collision with other space objects,under the Outer Space Treaty,liability for injury or damage

Accepted Answer

A)   is to be assumed by all involved parties equitably
B)   is strict liability-that is,liability without fault.
C)   is subject to a determination of fault.
D)   does not exist.E) None of the above
F) A) and C)

Question 2

In the United States,each government agency that operates or authorizes spacecraft is responsible for complying with U.S.law and international treaties.

Accepted Answer

A) True 
 B)False

Question 3

In an action by a domestic business to attach a foreign nation's property,the plaintiff must prove that the defendant is not entitled to sovereign immunity.

Accepted Answer

A) True 
 B)False

Question 4

Retail Operations,Inc. ,a U.S.firm,obtains a judgment in a U.S.court against Shinobu,Ltd. ,a Japanese business.Whether the court's judgment will be enforced by a court in Japan depends on the Japanese court's application of

Accepted Answer

A)   the act of state doctrine.
B)   the doctrine of sovereign immunity.
C)   the principle of comity.
D)   the Foreign Sovereign Immunities Act.E) B) and D)
F) A) and B)

Question 5

Burger Heaven,a U.S.firm,makes a deal with a Canadian firm,Donny's Diners,that allows Donny's to use Burger Heaven's trade name in Canada in return for a fee.This is

Accepted Answer

A)   a license.
B)   a distribution agreement.
C)   a subsidiary.
D)   direct exporting.E) B) and C)
F) All of the above

Question 6

Wei 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)   a trade barrier.
C)   dumping.
D)   normal trade relations.E) All of the above
F) C) and D) C

Question 7

Agri Products Inc. ,a U.S.firm that currently distributes its products in China itself,signs a contract with Bao Ltd. ,a Chinese firm,to distribute Agri's products in China.The most likely reason for this deal is

Accepted Answer

A)   China represents a substantial market for Agri.
B)   China is a new market for Agri.
C)   Agri will thereby avoid jurisdictional and contract-law issues.
D)   Agri wants to withdraw from any potential liability in China.E) None of the above
F) B) and D)

Question 8

U.S.antitrust laws can protect foreign consumers and competitors from violations committed by U.S.citizens and companies.

Accepted Answer

A) True 
 B)False

Question 9

The federal Alien Tort Claims Act allows foreign citizens,but not U.S.citizens,to file civil actions in U.S.courts for torts that were committed abroad.

Accepted Answer

A) True 
 B)False

Question 10

Global Industries Corporation owns assets in Kazakhstan,a country in Asia.The government of Kazakhstan wants to nationalize all assets owned by foreign firms and investors.What can Global Industries do? Can it at least obtain payment for the assets?

Accepted Answer

If a government decides to seize property within its borders,and not to pay for it,there are few remedies available.This is of course a confiscation,which results when a government takes private property for an illegal purpose without paying just compensation.(An expropriation,by contrast,occurs when a government seizes private assets or a private business for a legal purpose and pays for the seizure. )Under most circumstances,it is unlikely that a confiscating nation's courts would order its government to pay just compensation,even if the court had the authority to do so.In a case alleging that a foreign government has wrongfully taken a business firm's property,the defendant government has the burden to prove that the taking was an expropriation,not a confiscation.
But the act of state doctrine can prevent a firm's recovery in a court in the firm's home country.Under that doctrine,a court in one country will not review the validity of a public act of a recognized foreign government within its own territory.Some nations guarantee compensation to foreign investors in their constitutions,statutes,or treaties.Others (such as the United States)provide some insurance for their citizens' investments abroad.Claims are often resolved by lump-sum settlements after negotiations,as between the United States and the confiscating nation.

Question 11

In a case alleging that a foreign government wrongfully confiscated a domestic firm's property,the foreign government must prove the taking was an expropriation.

Accepted Answer

A) True 
 B)False

Question 12

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?

Accepted Answer

One of the advantages of opening a wholl...

Question 13

Trade barriers are

Accepted Answer

A)   restrictions on imports.
B)   restrictions on exports.
C)   the lack of incentives and subsidies to stimulate imports.
D)   the lack of incentives and subsidies to stimulate exports.E) A) and D)
F) All of the above

Question 14

A U.S.court can assert jurisdiction over a foreign government in a case involving the control of natural resources within that government's territory.

Accepted Answer

A) True 
 B)False

Question 15

Goods made by a U.S.business firm in a foreign manufacturing plant are not subject to taxes when the goods are imported into the United States.

Accepted Answer

A) True 
 B)False  False

Question 16

The U.S.government does not generally regulate private spaceports and the launch and reentry of private spacecraft.

Accepted Answer

A) True 
 B)False

Question 17

Venezuela seizes the assets of World Oil,Inc. ,a U.S.firm.World Oil's recovery from Venezuela in a U.S.court may be prevented by

Accepted Answer

A)   the act of state doctrine.
B)   the doctrine of sovereign immunity.
C)   a court in Venezuela.
D)   the principle of comity.E) All of the above
F) A) and D)

Question 18

A business firm is subject only to the laws of its home nation even when it maintains operations or otherwise does business in other nations.

Accepted Answer

A) True 
 B)False

Question 19

Consolidated Corporation,a U.S.firm,wishes to participate,but limit its involvement,in Middle Eastern markets.Consolidated empowers Doha Ltd. ,an Egyptian firm,to enter into contracts in certain countries on behalf of Consolidated.This is

Accepted Answer

A)   a distribution agreement.
B)   an agency relationship.
C)   indirect exporting.
D)   direct exporting.E) None of the above
F) A) and C)

Question 20

Under the Export Trading Company Act,U.S.banks are

Accepted Answer

A)   encouraged to invest in export trading companies.
B)   discouraged from granting credit to export trading companies.
C)   required to report financial transactions with export trading companies.
D)   prohibited from lending funds to export trading companies.E) B) and C)
F) None of the above

Exam 7: International and Space Law

Star Flights Inc.launches exploratory and commercial space flights from its base in the United States.In the event of a collision with other space objects,under the Outer Space Treaty,liability for injury or damage

Correct Answer
verified

In the United States,each government agency that operates or authorizes spacecraft is responsible for complying with U.S.law and international treaties.

Correct Answer
verified

In an action by a domestic business to attach a foreign nation's property,the plaintiff must prove that the defendant is not entitled to sovereign immunity.

Correct Answer
verified

Retail Operations,Inc. ,a U.S.firm,obtains a judgment in a U.S.court against Shinobu,Ltd. ,a Japanese business.Whether the court's judgment will be enforced by a court in Japan depends on the Japanese court's application of

Correct Answer
verified

Burger Heaven,a U.S.firm,makes a deal with a Canadian firm,Donny's Diners,that allows Donny's to use Burger Heaven's trade name in Canada in return for a fee.This is

Correct Answer
verified

Wei 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
C

Agri Products Inc. ,a U.S.firm that currently distributes its products in China itself,signs a contract with Bao Ltd. ,a Chinese firm,to distribute Agri's products in China.The most likely reason for this deal is

Correct Answer
verified

U.S.antitrust laws can protect foreign consumers and competitors from violations committed by U.S.citizens and companies.

Correct Answer
verified

The federal Alien Tort Claims Act allows foreign citizens,but not U.S.citizens,to file civil actions in U.S.courts for torts that were committed abroad.

Correct Answer
verified

Global Industries Corporation owns assets in Kazakhstan,a country in Asia.The government of Kazakhstan wants to nationalize all assets owned by foreign firms and investors.What can Global Industries do? Can it at least obtain payment for the assets?

In a case alleging that a foreign government wrongfully confiscated a domestic firm's property,the foreign government must prove the taking was an expropriation.

Correct Answer
verified

Correct Answer
verified
One of the advantages of opening a wholl...
View Answer

Trade barriers are

Correct Answer
verified

A U.S.court can assert jurisdiction over a foreign government in a case involving the control of natural resources within that government's territory.

Correct Answer
verified

Goods made by a U.S.business firm in a foreign manufacturing plant are not subject to taxes when the goods are imported into the United States.

Correct Answer
verified
False

The U.S.government does not generally regulate private spaceports and the launch and reentry of private spacecraft.

Correct Answer
verified

Venezuela seizes the assets of World Oil,Inc. ,a U.S.firm.World Oil's recovery from Venezuela in a U.S.court may be prevented by

Correct Answer
verified

A business firm is subject only to the laws of its home nation even when it maintains operations or otherwise does business in other nations.

Correct Answer
verified

Consolidated Corporation,a U.S.firm,wishes to participate,but limit its involvement,in Middle Eastern markets.Consolidated empowers Doha Ltd. ,an Egyptian firm,to enter into contracts in certain countries on behalf of Consolidated.This is

Correct Answer
verified

Under the Export Trading Company Act,U.S.banks are

Correct Answer
verified

Exam 7: International and Space Law

Star Flights Inc.launches exploratory and commercial space flights from its base in the United States.In the event of a collision with other space objects,under the Outer Space Treaty,liability for injury or damage

Correct AnswerverifiedShow Answer

In the United States,each government agency that operates or authorizes spacecraft is responsible for complying with U.S.law and international treaties.

Correct AnswerverifiedShow Answer

In an action by a domestic business to attach a foreign nation's property,the plaintiff must prove that the defendant is not entitled to sovereign immunity.

Correct AnswerverifiedShow Answer

Retail Operations,Inc. ,a U.S.firm,obtains a judgment in a U.S.court against Shinobu,Ltd. ,a Japanese business.Whether the court's judgment will be enforced by a court in Japan depends on the Japanese court's application of

Correct AnswerverifiedShow Answer

Burger Heaven,a U.S.firm,makes a deal with a Canadian firm,Donny's Diners,that allows Donny's to use Burger Heaven's trade name in Canada in return for a fee.This is

Correct AnswerverifiedShow Answer

Wei 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 AnswerverifiedC

Agri Products Inc. ,a U.S.firm that currently distributes its products in China itself,signs a contract with Bao Ltd. ,a Chinese firm,to distribute Agri's products in China.The most likely reason for this deal is

Correct AnswerverifiedShow Answer

U.S.antitrust laws can protect foreign consumers and competitors from violations committed by U.S.citizens and companies.

Correct AnswerverifiedShow Answer

The federal Alien Tort Claims Act allows foreign citizens,but not U.S.citizens,to file civil actions in U.S.courts for torts that were committed abroad.

Correct AnswerverifiedShow Answer

Global Industries Corporation owns assets in Kazakhstan,a country in Asia.The government of Kazakhstan wants to nationalize all assets owned by foreign firms and investors.What can Global Industries do? Can it at least obtain payment for the assets?

In a case alleging that a foreign government wrongfully confiscated a domestic firm's property,the foreign government must prove the taking was an expropriation.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedOne of the advantages of opening a wholl...View AnswerShow Answer

Trade barriers are

Correct AnswerverifiedShow Answer

A U.S.court can assert jurisdiction over a foreign government in a case involving the control of natural resources within that government's territory.

Correct AnswerverifiedShow Answer

Goods made by a U.S.business firm in a foreign manufacturing plant are not subject to taxes when the goods are imported into the United States.

Correct AnswerverifiedFalse

The U.S.government does not generally regulate private spaceports and the launch and reentry of private spacecraft.

Correct AnswerverifiedShow Answer

Venezuela seizes the assets of World Oil,Inc. ,a U.S.firm.World Oil's recovery from Venezuela in a U.S.court may be prevented by

Correct AnswerverifiedShow Answer

A business firm is subject only to the laws of its home nation even when it maintains operations or otherwise does business in other nations.

Correct AnswerverifiedShow Answer

Consolidated Corporation,a U.S.firm,wishes to participate,but limit its involvement,in Middle Eastern markets.Consolidated empowers Doha Ltd. ,an Egyptian firm,to enter into contracts in certain countries on behalf of Consolidated.This is

Correct AnswerverifiedShow Answer

Under the Export Trading Company Act,U.S.banks are

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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Correct Answer
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C

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
verified
One of the advantages of opening a wholl...
View Answer

Correct Answer
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False

Correct Answer
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