Question 1

Which of the following is one of the three basic types of subsidies?

Accepted Answer

A)  Quantitative subsidy
B)  Actionable subsidy
C)  Indirect subsidy
D)  International subsidy
E)  Group subsidyF) B) and C)
G) A) and C)

Question 2

Which of the following is a practice wherein an exporter sells products in a foreign state for less than the price charged for the same or comparable goods in the exporter's home market?

Accepted Answer

A)  Disposal
B)  Price cutting
C)  Dumping
D)  Profit maximizing
E)  SubsidizingF) D) and E)
G) A) and D)

Question 3

A company that sends its products to a foreign marketplace for sale has engaged in .

Accepted Answer

A)  Foreign distributing
B)  Exportation
C)  Foreign transaction
D)  Importation
E)  SubsidizationF) A) and B)
G) A) and E)

Question 4

If Cecelia does not take Willie at his word and wants additional assurance that her state's law would be applied,what should she do?

Accepted Answer

A)  She should insert a GATT clause into the contract.
B)  There is nothing she can do.
C)  She should insert Hague evidence clause in the contract.
D)  She should insert a choice-of-law clause in the contract.
E)  She should insert a forum selection clause in the contract.F) A) and B)
G) D) and E)

Question 5

Which type of legal system exists in North Korea?

Accepted Answer

A)  Socialist legal system
B)  Civil legal system
C)  Asian legal system
D)  Common law legal system
E)  Islamic legal systemF) B) and D)
G) C) and D)

Question 6

prohibits U.S.companies from offering or paying bribes to foreign government officials,political parties,and candidates for office for the purpose of obtaining or retaining business.

Accepted Answer

A)  The International Fairness Objective Act
B)  The Foreign Political Act
C)  The Foreign Corrupt Practices Act
D)  The International Trade Act
E)  The Foreign Bribery ActF) D) and E)
G) B) and C)

Question 7

The multilateral convention which establishes procedures for transnational discovery between private persons in different states is known as?

Accepted Answer

A)  Hague Evidence Convention
B)  NAFTA Evidence Convention
C)  Smith Evidence Conventions
D)  Discovery Convention
E)  International Evidence ConventionF) A) and C)
G) All of the above

Question 8

Discuss in detail the World Trade Organization,its membership,and its function.Also explain the normal trade relations principle,national treatment,quantitative restrictions,and dumping.

Accepted Answer

The Uruguay Round established the World ...

Question 9

If DroneTek signs the contract with BigBox,under what grounds could DroneTek ignore the clause requiring disputes to be resolved in an Illinois court.

Accepted Answer

A)  If DroneTek could show fraud in the attainment of the clause in the contract.
B)  If DroneTek could show the New York Convention applies.
C)  If DroneTek could show the Hague Evidence Convention applies.
D)  If DroneTek could show it had notice of the clause in the contract.
E)  If DroneTek could show there was no stream of commerce.F) A) and C)
G) D) and E)

Question 10

Identify and describe a franchise agreement,a joint venture,and an affiliate business in relation to international business.

Accepted Answer

A franchise agreement is a contract wher...

Question 11

In a sales contract between two companies,one in Florida and one in Kentucky,which of the following is true about which set of laws would apply:

Accepted Answer

A)  The CISG,because both parties to the sales transaction are residents of the United States.
B)  The UCC,because both parties to the sales transaction are residents of the United States.
C)  The UCC,but only if the parties opted out of the CISG.
D)  Both the CISG or the UCC would apply
E)  Neither the CISG nor the UCC would apply.F) B) and E)
G) A) and C)

Question 12

What should Cecelia do if she wants some additional protection to guarantee that any dispute with international business will be resolved in her state in the U.S.?

Accepted Answer

A)  She should put a choice of law provision in the contract.
B)  There is nothing she can do.
C)  She should put a Hague clause in the contract.
D)  She should put a choice of general jurisdiction clause in the contract.
E)  She should put a forum selection agreement clause within the contract.F) A) and B)
G) B) and E)

Question 13

If Yoshe decides to proceed as Nora proposes,their arrangement would be a[n] .nternational law?

Accepted Answer

A)  Affiliator-affiliatee arrangement
B)  Joint venture
C)  Franchisee-franchisor arrangement
D)  Licensing agreement
E)  Subsidiary agreementF) A) and B)
G) A) and C)

Question 14

Which of the following should Yoshe consider concerning trade agreements between the U.S.and Mexico?

Accepted Answer

A)  The North American Free Trade Agreement
B)  The Tri-Country Free Trade Agreement
C)  The Multi-Country Free Trade Agreement
D)  The Central American Free Trade Agreement
E)  The Accessibility Trade AgreementF) A) and C)
G) C) and D)

Question 15

is a type of alternative dispute resolution procedure wherein disputes are submitted for resolution to private,nonofficial persons selected in a manner provided by law or the agreement of the parties.

Accepted Answer

A)  Arbitration
B)  International evaluation
C)  Mediation
D)  Multi-cultural evaluation
E)  Neutral evaluationF) C) and D)
G) A) and E)

Question 16

Under the Dispute Settlement Understanding,who may bring an action alleging a violation of GATT?

Accepted Answer

A)  Recognized governments of WTO member states
B)  Any WTO member state
C)  The WTO Secretariat
D)  The WTO
E)  Any corporation in a WTO member stateF) A) and E)
G) B) and D)

Question 17

A forum for the settlement of the lambswool tax dispute could be:

Accepted Answer

A)  The WTO
B)  GATT
C)  The International Monetary Fund
D)  The Uruguay Round
E)  The International Trade Arbitration ForumF) B) and D)
G) B) and C)

Question 18

The power of a court over persons appearing before it,is referred to as?

Accepted Answer

A)  Subject matter jurisdiction
B)  Superior jurisdiction
C)  Personal jurisdiction
D)  Litigation jurisdiction
E)  Individual jurisdictionF) B) and D)
G) All of the above

Question 19

Which doctrine is based on the notion that courts of one country will not sit in judgment on the acts of another state government,done within its own territory?

Accepted Answer

A)  Foreign Sovereign Immunities Act.
B)  Comity doctrine.
C)  Political question doctrine.
D)  Forum non conveniens dontrine.
E)  Act of state doctrineF) A) and E)
G) C) and E)

Question 20

An interactive website,which allows users to exchange information but not complete contracts,is sufficient to create general personal jurisdiction in any state in the U.S.

Accepted Answer

A) True 
 B)False

Exam 6: International and Comparative Law

Which of the following is one of the three basic types of subsidies?

Correct AnswerverifiedShow Answer

An interactive website,which allows users to exchange information but not complete contracts,is sufficient to create general personal jurisdiction in any state in the U.S.

Correct AnswerverifiedShow Answer

Which of the following is a practice wherein an exporter sells products in a foreign state for less than the price charged for the same or comparable goods in the exporter's home market?

Correct AnswerverifiedShow Answer

A company that sends its products to a foreign marketplace for sale has engaged in .

Correct AnswerverifiedShow Answer

Which doctrine is based on the notion that courts of one country will not sit in judgment on the acts of another state government,done within its own territory?

Correct AnswerverifiedShow Answer

Which type of legal system exists in North Korea?

Correct AnswerverifiedShow Answer

Under the Dispute Settlement Understanding,who may bring an action alleging a violation of GATT?

Correct AnswerverifiedShow Answer

If DroneTek signs the contract with BigBox,under what grounds could DroneTek ignore the clause requiring disputes to be resolved in an Illinois court.

Correct AnswerverifiedShow Answer

In a sales contract between two companies,one in Florida and one in Kentucky,which of the following is true about which set of laws would apply:

Correct AnswerverifiedShow Answer

If Yoshe decides to proceed as Nora proposes,their arrangement would be a[n] .nternational law?

Correct AnswerverifiedShow Answer

A forum for the settlement of the lambswool tax dispute could be:

Correct AnswerverifiedShow Answer

Discuss in detail the World Trade Organization,its membership,and its function.Also explain the normal trade relations principle,national treatment,quantitative restrictions,and dumping.

Correct AnswerverifiedThe Uruguay Round established the World ...View AnswerShow Answer

Which of the following should Yoshe consider concerning trade agreements between the U.S.and Mexico?

Correct AnswerverifiedShow Answer

What should Cecelia do if she wants some additional protection to guarantee that any dispute with international business will be resolved in her state in the U.S.?

Correct AnswerverifiedShow Answer

The multilateral convention which establishes procedures for transnational discovery between private persons in different states is known as?

Correct AnswerverifiedShow Answer

is a type of alternative dispute resolution procedure wherein disputes are submitted for resolution to private,nonofficial persons selected in a manner provided by law or the agreement of the parties.

Correct AnswerverifiedShow Answer

Identify and describe a franchise agreement,a joint venture,and an affiliate business in relation to international business.

Correct AnswerverifiedA franchise agreement is a contract wher...View AnswerShow Answer

prohibits U.S.companies from offering or paying bribes to foreign government officials,political parties,and candidates for office for the purpose of obtaining or retaining business.

Correct AnswerverifiedShow Answer

If Cecelia does not take Willie at his word and wants additional assurance that her state's law would be applied,what should she do?

Correct AnswerverifiedShow Answer

The power of a court over persons appearing before it,is referred to as?

Correct AnswerverifiedShow Answer

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The Uruguay Round established the World ...
View Answer

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A franchise agreement is a contract wher...
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Correct Answer
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