Question 1

Minerals 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

Accepted Answer

A)   ​confiscation.
B)   ​defalcation.
C)   ​dumping.
D)   ​expropriation.E) B) and D)
F) All of the above

Question 2

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

Accepted Answer

A) True 
 B)False

Question 3

Chocolate Delectable, 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

Accepted Answer

A)   ​both firms.
B)   ​Chocolate Delectable only.
C)   ​Columbiana Cacao only.
D)   ​neither firm.E) None of the above
F) C) and D)

Question 4

International contracts frequently include arbitration clauses.

Accepted Answer

A) True 
 B)False

Question 5

Quotas include limits on the amounts of goods that can be exported.

Accepted Answer

A) True 
 B)False

Question 6

Few countries guarantee compensation to foreign investors if their property is taken.

Accepted Answer

A) True 
 B)False

Question 7

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) A) and C)

Question 8

Global Fashion, Inc., a U.S. firm, and Haute Couture, a Haitian firm, are parties to a contract that specifies the official language of the contract is English. This is

Accepted Answer

A)   ​a choice-of-forum clause.
B)   ​a choice-of-language clause.
C)   ​a choice-of-law clause.
D)   ​an arbitration clause.E) A) and D)
F) A) and C)

Question 9

International law is a body of law that governs relations among nations.

Accepted Answer

A) True 
 B)False

Question 10

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

Accepted Answer

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

Question 11

Jackson, or any U.S. citizen, can bring a civil suit in a U.S. court against a foreign entity for a tort allegedly committed in

Accepted Answer

A)   ​the United States only.
B)   ​the United States or overseas.
C)   ​overseas only.
D)   ​none of the choices.E) C) and D)
F) B) and D)

Question 12

To restrict or encourage exports, Congress can set quotas on various items, such as grain being sold abroad.

Accepted Answer

A) True 
 B)False

Question 13

​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 propert...

Question 14

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

Accepted Answer

A)   ​a distribution agreement.
B)   ​a joint venture.
C)   ​direct exporting.
D)   ​licensing.E) A) and D)
F) B) and C)

Question 15

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

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

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) C) and D)
F) A) and B)

Question 18

A nation that launches objects into space is absolutely liable for personal injury and property damage caused by its objects on Earth or in flight.

Accepted Answer

A) True 
 B)False

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

Financial Invest Corporation, a U.S. firm, files a suit against Ghana in a U.S. court. Ghana claims foreign sovereign immunity. Under the Foreign Sovereign Immunities Act

Accepted Answer

A)   ​the plaintiff must show that Ghana is not entitled to sovereign immunity.
B)   ​Ghana must show that it is entitled to sovereign immunity.
C)   ​the court must dismiss the suit without any showing.
D)   ​the court may hear the suit but its decision will have no effect.E) C) and D)
F) B) and C)

Exam 24: International and Space Law

A nation that launches objects into space is absolutely liable for personal injury and property damage caused by its objects on Earth or in flight.

Correct AnswerverifiedShow Answer

International law is a body of law that governs relations among nations.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Quotas include limits on the amounts of goods that can be exported.

Correct AnswerverifiedShow Answer

International contracts frequently include arbitration clauses.

Correct AnswerverifiedShow Answer

To restrict or encourage exports, Congress can set quotas on various items, such as grain being sold abroad.

Correct AnswerverifiedShow Answer

Jackson, or any U.S. citizen, can bring a civil suit in a U.S. court against a foreign entity for a tort allegedly committed in

Correct AnswerverifiedShow Answer

Chocolate Delectable, 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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Minerals 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

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

Financial Invest Corporation, a U.S. firm, files a suit against Ghana in a U.S. court. Ghana claims foreign sovereign immunity. Under the Foreign Sovereign Immunities Act

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?

Correct AnswerverifiedIf a government decides to seize propert...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

Few countries guarantee compensation to foreign investors if their property is taken.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Global Fashion, Inc., a U.S. firm, and Haute Couture, a Haitian firm, are parties to a contract that specifies the official language of the contract is English. This is

Correct AnswerverifiedShow Answer

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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
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Correct Answer
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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?

Correct Answer
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If a government decides to seize propert...
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