FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 8: International Law

Show Answer

Share

---

All types

Filters

Study FlashcardsPractice ExamLearn

Question 21

Multiple Choice

Review LaterAdd Note

Review Later

Archer Co.has decided it wants to expand into international business,but it is concerned about expropriation of its property or losses caused by political unrest.Archer is considering purchasing insurance through the Overseas Private Investment Corporation (OPIC) .OPIC:

A) provides insurance,but the cost is relatively high.
B) provides insurance,but the list of countries in which it is willing to provide such protection is fairly short.
C) has had remarkable success at no cost to the U.S.government.
D) insures against expropriation,but not against losses stemming from political violence.

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

Correct Answer

verified

Show Answer

Question 22

Essay

Review LaterAdd Note

Review Later

Explain the origin and purpose of the World Trade Organization.

Correct Answer

verified

The WTO was established by GATT.It has t...

View Answer

Show Answer

Question 23

Multiple Choice

Review LaterAdd Note

Oxtron,Inc. ,a U.S.company,and Leer,an Argentinean company,orally agreed to a contract under which Oxtron is to ship medical devices to Leer.The contract is governed by the CISG.Which statement is correct?

Zebra Toy Company invests a large sum of money in retail stores located in a foreign country.Zebra intends to bring its foreign earnings back home to the United States.This practice is known as:

It is not a violation of United States law for a domestic company to pay money to a foreign governmental official in order to obtain a contract with the foreign government if this type of "commission" is commonly paid in that foreign country.

A contract involving the sale of goods from a Texas seller to a French wholesaler must always use the United Nations Convention on Contracts for the International Sale of Goods (CISG).

The two principal actions prohibited by the Foreign Corrupt Practices Act include making bribes and making grease payments.

Notren,Inc. ,a U.S.company,and SWT,a Singapore company,entered into a contract under which SWT is to ship party supplies to Notren.One of the terms of the contract states,"Any disputes that arise under this contract will be resolved in the courts of Singapore." This contract term is a:

Generally,consumers are not adversely affected by tariffs since tariffs affect wholesale prices,not retail prices.

Zebra Toy Company,located in Chicago,sells $500,000 worth of toys to a London,England,a wholesaler.This contract could be governed by:

What is a major difference between a United States lawsuit versus a French lawsuit?

What is a major argument against the GATT Treaty?

International comity holds that the courts of one nation lack the jurisdiction to hear suits against foreign governments.

The United States is the world's largest exporter of agricultural products.

Hardhat Machine Company sold goods to Irish Eyes Company of Northern Ireland.Big Bank issued a letter of credit on behalf of Irish Eyes and the letter was given to Hardhat.The "account party" is:

Yount,Inc.is interested in expanding its business to include exporting its products to several other countries.Discuss two federal statutes that should be considered before making the decision to export.

Hardhat Machine Company sold goods to Irish Eyes Company of Northern Ireland.Big Bank issued a letter of credit on behalf of Irish Eyes and the letter was given to Hardhat.The documents required by the letter of credit are presented to the bank for payment while the goods are still in transit.Is Hardhat entitled to be paid?

The United States has agreed to which of the following?

The purpose of the Export Administrative Act of 1985 is:

In Marubeni America Corp.v.United States,the federal appellate court ruled that the Nissan Pathfinder was,for tariff classification purposes a motor vehicle for the transport of passengers.The classification of goods is significant because: