Question 1

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) A) and B)

Question 2

U.S. law allows U.S. citizens, including private companies, to engage in the commercial exploration and exploitation of space resources.

Accepted Answer

A) True 
 B)False

Question 3

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

Question 4

In direct exporting, a U.S. company sets up a specialized marketing organization in a foreign market by appointing a foreign agent.

Accepted Answer

A) True 
 B)False

Question 5

Restful Hotel Corporation, a U.S. firm, establishes a wholly owned subsidiary in Singapore. As a parent corporation, with respect to the subsidiary, Restful retains complete ownership of

Accepted Answer

A)   all of the facilities in Singapore.
B)   more than half, but less than all, of the facilities in Singapore.
C)   none of the facilities in Singapore.
D)   no more than half of the facilities in SingaporeE) A) and D)
F) A) and C)

Question 6

Countries restrict exports to protect national security, further foreign policy objectives, and conserve resources.

Accepted Answer

A) True 
 B)False

Question 7

Under United Nations guidelines, objects no longer in operation should be removed from orbit if this can be accomplished in a controlled manner.

Accepted Answer

A) True 
 B)False

Question 8

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

Question 9

Agri Products Inc., a U.S. firm, 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 prefers to limit its involvement in Chinese markets.E) A) and D)
F) C) and D)

Question 10

Habitable Premises Corporation, a U.S. firm, owns property in India. The government of India seizes the property for a proper public purpose and pays the firm just compensation. This is

Accepted Answer

A)   confiscation.
B)   the act of state doctrine.
C)   the doctrine of sovereign immunity.
D)   expropriation.E) B) and D)
F) A) and C)

Question 11

Finance Corporation, a U.S. firm, files a suit against Ghana in a U.S. court. Under the Foreign Sovereign Immunities Act, Ghana is immune from the jurisdiction of the court if Ghana has

Accepted Answer

A)   engaged in commercial activity within the United States.
B)   engaged in commercial activity outside the United States that has a direct effect in the United States.
C)   committed a tort in the United States.
D)   none of the choices.E) None of the above
F) B) and C)

Question 12

Normal trade relations status granted to a member of the World Trade Organization means that the member will receive other members' most favorable treatment with regard to imports and exports.

Accepted Answer

A) True 
 B)False

Exam 23: International and Space Law

Finance Corporation, a U.S. firm, files a suit against Ghana in a U.S. court. Under the Foreign Sovereign Immunities Act, Ghana is immune from the jurisdiction of the court if Ghana has

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

U.S. law allows U.S. citizens, including private companies, to engage in the commercial exploration and exploitation of space resources.

Correct Answer
verified

Normal trade relations status granted to a member of the World Trade Organization means that the member will receive other members' most favorable treatment with regard to imports and exports.

Correct Answer
verified

Restful Hotel Corporation, a U.S. firm, establishes a wholly owned subsidiary in Singapore. As a parent corporation, with respect to the subsidiary, Restful retains complete ownership of

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

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

Countries restrict exports to protect national security, further foreign policy objectives, and conserve resources.

Correct Answer
verified

In direct exporting, a U.S. company sets up a specialized marketing organization in a foreign market by appointing a foreign agent.

Correct Answer
verified

Habitable Premises Corporation, a U.S. firm, owns property in India. The government of India seizes the property for a proper public purpose and pays the firm just compensation. This is

Correct Answer
verified

Under United Nations guidelines, objects no longer in operation should be removed from orbit if this can be accomplished in a controlled manner.

Correct Answer
verified

Agri Products Inc., a U.S. firm, 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

Exam 23: International and Space Law

Finance Corporation, a U.S. firm, files a suit against Ghana in a U.S. court. Under the Foreign Sovereign Immunities Act, Ghana is immune from the jurisdiction of the court if Ghana has

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

U.S. law allows U.S. citizens, including private companies, to engage in the commercial exploration and exploitation of space resources.

Correct AnswerverifiedShow Answer

Normal trade relations status granted to a member of the World Trade Organization means that the member will receive other members' most favorable treatment with regard to imports and exports.

Correct AnswerverifiedShow Answer

Restful Hotel Corporation, a U.S. firm, establishes a wholly owned subsidiary in Singapore. As a parent corporation, with respect to the subsidiary, Restful retains complete ownership of

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

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 AnswerverifiedShow Answer

Countries restrict exports to protect national security, further foreign policy objectives, and conserve resources.

Correct AnswerverifiedShow Answer

In direct exporting, a U.S. company sets up a specialized marketing organization in a foreign market by appointing a foreign agent.

Correct AnswerverifiedShow Answer

Habitable Premises Corporation, a U.S. firm, owns property in India. The government of India seizes the property for a proper public purpose and pays the firm just compensation. This is

Correct AnswerverifiedShow Answer

Under United Nations guidelines, objects no longer in operation should be removed from orbit if this can be accomplished in a controlled manner.

Correct AnswerverifiedShow Answer

Agri Products Inc., a U.S. firm, 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

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