Filters
Question type

Study Flashcards

The act of state doctrine provides that the judicial branch of one country will examine the validity of public acts committed by a recognized foreign government within the latter's own territory.

A) True
B) False

Correct Answer

verifed

verified

Mountain 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


A) confiscation.
B) defalcation.
C) dumping.
D) expropriation.

E) A) and B)
F) None of the above

Correct Answer

verifed

verified

The government of North Korea violates an international law. Persuasive tactics to remedy the situation fail. The only recourse of other nations is to


A) approve the World Trade Organization's enforcement of the law.
B) ask the International Court of Justice to enforce sanctions.
C) seek enforcement of the law through the United Nations.
D) take coercive action-sever relations, impose boycotts, go to war.

E) None of the above
F) B) and C)

Correct Answer

verifed

verified

A foreign state is immune from the jurisdiction of U.S. courts unless the state is involved in commercial activity within the United States.

A) True
B) False

Correct Answer

verifed

verified

Global Marketing, Inc., a U.S. firm, owns property in Honduras. The government in Honduras takes Global Marketing's property without paying for it. A U.S. court will proba?bly not examine the validity of this act commit?ted by Honduras within its own territory, under


A) the act of state doctrine.
B) the doctrine of sovereign immunity.
C) the principle of comity.
D) the World Trade Organization .

E) A) and B)
F) A) and D)

Correct Answer

verifed

verified

Omega, Ltd., imports athletic shoes made in Southeast Asia into the United States. To obtain a larger share of the U.S. market, Omega sells the athletic shoes at lower prices here than in its exporting countries. With respect to these imports, the United States may


A) do nothing.
B) assess antidumping duties.
C) order the return of the athletic shoes to the exporting countries.
D) confiscate the athletic shoes without just compensation.

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

Correct Answer

verifed

verified

Foreign citizens can bring civil suits in U.S. courts for injuries caused by violations of the law of nations or a treaty of the United States.

A) True
B) False

Correct Answer

verifed

verified

Congresswoman Smith and other politicians want to prohibit the import of certain genetically modified agricultural products that they believe may pose a danger to domestic crops. With respect to these products' import, Congress can


A) do nothing.
B) impose quotas, but not tariffs.
C) impose tariffs, but not quotas.
D) prohibit the imports.

E) None of the above
F) A) and C)

Correct Answer

verifed

verified

Michael, a citizen of Ireland, and Nina, a citizen of the United States, enter into a contract. When Nina breaches the contract, Michael obtains an award of damages in an Irish court. He asks a U.S. court to enforce the award. The U.S. court defers to and enforces the Irish court's decree. This is


A) a travesty of justice.
B) the act of state doctrine.
C) the doctrine of sovereign immunity.
D) the principle of comity.

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

Correct Answer

verifed

verified

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


A) Reality Financial must show that Switzerland is not entitled to sovereign immunity.
B) Switzerland 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) B) and C)
F) A) and B)

Correct Answer

verifed

verified

The Foreign Sovereign Immunities Act broadly defines com?mercial activity.

A) True
B) False

Correct Answer

verifed

verified

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

A) True
B) False

Correct Answer

verifed

verified

True

The basis for India to give effect to the laws and court decisions of the United States is primarily


A) courtesy and respect.
B) fear and intimidation.
C) admiration and envy.
D) payments of cash and exchanges of property.

E) B) and C)
F) All of the above

Correct Answer

verifed

verified

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

A) True
B) False

Correct Answer

verifed

verified

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


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 D)
F) A) and B)

Correct Answer

verifed

verified

International contracts rarely include arbitration clauses.

A) True
B) False

Correct Answer

verifed

verified

Each member of the World Trade Organization is obligated to treat other members at least as well as it treats the country that receives its most favorable treatment with regard to imports or exports.

A) True
B) False

Correct Answer

verifed

verified

True

Some countries provide insurance for their citizens' investments abroad.

A) True
B) False

Correct Answer

verifed

verified

The doctrine of sovereign immunity provides that only a head of state can make trea?ties with an?other nation.

A) True
B) False

Correct Answer

verifed

verified

The government of Korea sets a limit on the amount of rice that can be imported from the United States. This is


A) a dumping duty.
B) an antidumping duty.
C) a quota.
D) a tariff.

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

Correct Answer

verifed

verified

C

Showing 1 - 20 of 42

Related Exams

Show Answer