Question 1

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

Question 2

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

Question 3

Which of the following best describes the term "comparative law?"

Accepted Answer

A)   It is the study of the legal systems of different states.
B)   It is the study of the laws governing the conduct of states and international organizations and their relationships with one another.
C)   It is the study of the difference between public and private law in the United States.
D)   It is the study of the difference between constitutions and administrative rules and regulations within the United States.
E)   It is the study of international organizations and their structure.F) B) and C)
G) B) and E)

Question 4

Which of the following is literally the "law of merchants?"

Accepted Answer

A)   Lex Mercatoria
B)   Lex Seller
C)   Ad Merchandiso
D)   Lex Loci
E)   Res JudicataF) A) and E)
G) C) and E)

Question 5

Which of the following is false regarding the Convention on the International Sale of Goods?

Accepted Answer

A)   It applies to transactions involving the commercial sale of goods.
B)   National contract law applies in areas not covered by the Convention on the International Sale of Goods.
C)   The Convention on the International Sale of Goods was adopted in 2000.
D)   The United States has adopted the Convention on the International Sale of Goods.
E)   The Convention on the International Sale of Goods has been ratified by the majority of states in the developed world.F) D) and E)
G) All of the above

Question 6

As understood in the General Agreement on Tariffs and Trade,a subsidy is a government financial contribution that confers a benefit on a specific industry or enterprise.

Accepted Answer

A) True 
 B)False

Question 7

A franchise agreement is the same thing as a joint venture.

Accepted Answer

A) True 
 B)False

Question 8

Which type of legal system exists in North Korea?

Accepted Answer

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

Question 9

Which of the following refers to the power of a court over persons appearing before it?

Accepted Answer

A)   Subject matter jurisdiction
B)   Individual jurisdiction
C)   Personal jurisdiction
D)   Litigation jurisdiction
E)   Superior jurisdictionF) None of the above
G) C) and D)

Question 10

Which of the following systems originated from the English legal system?

Accepted Answer

A)   Civil law
B)   Asian law
C)   Statutory law
D)   Inquisitorial law
E)   Common lawF) C) and D)
G) A) and B)

Question 11

If Tara ships Miracle Face to Mexico for sale,she would be involved in the _____ of goods.

Accepted Answer

A)   import
B)   franchising
C)   licensing
D)   export
E)   affiliatingF) B) and E)
G) C) and D)

Question 12

What has the U.S.Supreme Court held regarding whether U.S.courts must rely on customary international law?

Accepted Answer

A)   The U.S. Supreme Court has held that U.S. courts may disregard customary international law.
B)   The U.S. Supreme Court has held that even if a governing international agreement says otherwise, a U.S. court must rely on customary international law.
C)   The U.S. Supreme Court has held that even if a controlling executive act is to the contrary, U.S. courts must rely on customary international law.
D)   The U.S. Supreme Court has held that regardless of the existence of any legislative act to the contrary, U.S. courts must rely on customary international law.
E)   The U.S. Supreme Court has held that in the absence of a governing international agreement or controlling executive or legislative act or judicial decision, U.S. courts must rely on customary international law.F) B) and C)
G) All of the above

Question 13

Which of the following countries are signatories to the North American Free Trade Agreement?

Accepted Answer

A)   United States, Canada, and Japan
B)   United States, Canada, and Mexico
C)   Canada, Mexico, and Great Britain
D)   England, France, and Italy
E)   England, France, and SpainF) C) and E)
G) None of the above

Question 14

Assuming that Tara decides to make the deal Sam proposes,Sam would be referred to as a(n) _____ and Tara would be referred to as a(n) ______.

Accepted Answer

A)   Franchisor; Franchisee
B)   Franchisee; Franchisor
C)   Affiliator; Affiliatee
D)   Venturor; Venturee
E)   Representative Offeror; Representative OffereeF) D) and E)
G) A) and E)

Question 15

A foreign company that maintains a passive website advertising the company's services is subject to personal jurisdiction in any state in the U.S.because the website may result in sales in the U.S.

Accepted Answer

A) True 
 B)False

Question 16

The ____ facilitates international cooperation in opening markets and provides a forum for future trade negotiations and the settlement of international trade disputes.

Accepted Answer

A)   World Trade Organization
B)   Generally Favored Nation Organization
C)   National Trade Organization
D)   International Cooperation Agreement
E)   International Marketing AgreementF) A) and B)
G) B) and C)

Question 17

Because ethical issues vary from country to country,international business persons should not take ethical considerations into account in the decision-making process.

Accepted Answer

A) True 
 B)False

Question 18

What was the result at the U.S.Supreme Court level in Goodyear Dunlop Tires Operations,S.A.v.Brown,involving whether a court in North Carolina could exercise jurisdiction over the defendant tire manufacturer and its subsidiaries who were based in Turkey and France? (The underlying lawsuit involved the deaths of North Carolina residents in France when a bus in which they were riding allegedly overturned due to problems with its tires.)

Accepted Answer

A)   The Court ruled that based on the stream of commerce theory, the North Carolina court could exercise general jurisdiction over the foreign defendants.
B)   The Court ruled that based on the stream of commerce theory, the North Carolina court could exercise specific jurisdiction over the foreign defendants.
C)   The Court ruled that based on the general contacts theory, the North Carolina court could exercise general jurisdiction over the foreign defendants but not specific jurisdiction.
D)   The Court ruled that based on the general contacts theory, the North Carolina court could exercise specific jurisdiction over the foreign defendants but not general jurisdiction.
E)   The court ruled that the North Carolina court could not exercise jurisdiction over the defendants.F) C) and D)
G) A) and E)

Question 19

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

Accepted Answer

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

Question 20

____ permits adjudication of any claims against a defendant regardless of whether the claim has anything to do with the forum.

Accepted Answer

A)   General personal jurisdiction
B)   Specific person jurisdiction
C)   Local personal jurisdiction
D)   International personal jurisdiction
E)   Domestic personal jurisdictionF) C) and E)
G) C) and D)

Exam 6: International and Comparative Law

A foreign company that maintains a passive website advertising the company's services is subject to personal jurisdiction in any state in the U.S.because the website may result in sales in the U.S.

Correct Answer
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What has the U.S.Supreme Court held regarding whether U.S.courts must rely on customary international law?

Correct Answer
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Which of the following refers to the power of a court over persons appearing before it?

Correct Answer
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Which of the following countries are signatories to the North American Free Trade Agreement?

Correct Answer
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Which of the following is false regarding the Convention on the International Sale of Goods?

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

Correct Answer
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____ permits adjudication of any claims against a defendant regardless of whether the claim has anything to do with the forum.

Correct Answer
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Correct Answer
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Which of the following systems originated from the English legal system?

Correct Answer
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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 Answer
verified

If Tara ships Miracle Face to Mexico for sale,she would be involved in the _____ of goods.

Correct Answer
verified

Which type of legal system exists in North Korea?

Correct Answer
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____ is the 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 Answer
verified

Because ethical issues vary from country to country,international business persons should not take ethical considerations into account in the decision-making process.

Correct Answer
verified

The ____ facilitates international cooperation in opening markets and provides a forum for future trade negotiations and the settlement of international trade disputes.

Correct Answer
verified

A franchise agreement is the same thing as a joint venture.

Correct Answer
verified

Assuming that Tara decides to make the deal Sam proposes,Sam would be referred to as a(n) _ and Tara would be referred to as a(n) __.

Correct Answer
verified

Which of the following best describes the term "comparative law?"

Correct Answer
verified

As understood in the General Agreement on Tariffs and Trade,a subsidy is a government financial contribution that confers a benefit on a specific industry or enterprise.

Correct Answer
verified

Which of the following is literally the "law of merchants?"

Correct Answer
verified

Exam 6: International and Comparative Law

A foreign company that maintains a passive website advertising the company's services is subject to personal jurisdiction in any state in the U.S.because the website may result in sales in the U.S.

Correct AnswerverifiedShow Answer

What has the U.S.Supreme Court held regarding whether U.S.courts must rely on customary international law?

Correct AnswerverifiedShow Answer

Which of the following refers to the power of a court over persons appearing before it?

Correct AnswerverifiedShow Answer

Which of the following countries are signatories to the North American Free Trade Agreement?

Correct AnswerverifiedShow Answer

Which of the following is false regarding the Convention on the International Sale of Goods?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

____ permits adjudication of any claims against a defendant regardless of whether the claim has anything to do with the forum.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Which of the following systems originated from the English legal system?

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

If Tara ships Miracle Face to Mexico for sale,she would be involved in the _____ of goods.

Correct AnswerverifiedShow Answer

Which type of legal system exists in North Korea?

Correct AnswerverifiedShow Answer

____ is the 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

Because ethical issues vary from country to country,international business persons should not take ethical considerations into account in the decision-making process.

Correct AnswerverifiedShow Answer

The ____ facilitates international cooperation in opening markets and provides a forum for future trade negotiations and the settlement of international trade disputes.

Correct AnswerverifiedShow Answer

A franchise agreement is the same thing as a joint venture.

Correct AnswerverifiedShow Answer

Assuming that Tara decides to make the deal Sam proposes,Sam would be referred to as a(n) _____ and Tara would be referred to as a(n) ______.

Correct AnswerverifiedShow Answer

Which of the following best describes the term "comparative law?"

Correct AnswerverifiedShow Answer

As understood in the General Agreement on Tariffs and Trade,a subsidy is a government financial contribution that confers a benefit on a specific industry or enterprise.

Correct AnswerverifiedShow Answer

Which of the following is literally the "law of merchants?"

Correct AnswerverifiedShow Answer

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Assuming that Tara decides to make the deal Sam proposes,Sam would be referred to as a(n) _ and Tara would be referred to as a(n) __.

Correct Answer
verified

Correct Answer
verified

Correct Answer
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Correct Answer
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