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Exam 43: International Law

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Question 1

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Savory Cooking Sauces,Inc.,a U.S.business firm,makes and sells distinc?tively flavored cooking sauces.Although the recipes are secret,the ingre?di?ents could be revealed and the sauces could be reconstructed with dili?gent efforts.What can Savory do to prevent its products from being "decoded" and pirated abroad?

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One possibility is that Savory Cooking S...

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Question 2

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Quotas are limits on the amounts of goods that can be exported.

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B) False

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Question 3

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According to the Foreign Sovereign Immunities Act,a foreign state that has committed a tort in the United States is protected from the jurisdiction of the U.S.courts.

The United States and other members of a certain organization agree to grant normal trade relations status to each other with regard to im?ports and exports.This organi?zation is

Vieux Carré S.A.,a French firm,imports its goods into the United States and offers those goods for sale at "less than fair value." "Fair value" is the price of

Force majeure clauses in international business contracts commonly set forth the major clauses of the contracts.

Few nations have restrictions on imports.

Dumping is the sale of imported goods at "less than fair value."

Premier Clothing,Inc.,a U.S.firm,obtains a judgment in a U.S.court against Quang Tri,Ltd.,a Vietnamese business.Whether the court's judgment will be enforced by a court in Vietnam depends on the Vietnamese court's application of

International franchisees usually do NOT pay fees for the license to use a trademark or trade name.

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 tariff is always a flat rate per unit.

The Foreign Sovereign Immunities Act spells out what a "foreign state" includes.

Bulbous Cordials,Inc.,a U.S.firm,enters into an agreement with Columbiana Cacao,S.A.,a South American firm,to fix the price of dark chocolate in the U.S.market.If the agreement is a per se violation of U.S.antitrust laws,a U.S.court could exercise jurisdiction over

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

Metallic Metals,Inc.,a U.S.firm,files a suit against a Venezuela government agency.The agency has committed a tort in the United States.Under the Foreign Sovereign Immunities Act

Under the Foreign Sovereign Immunities Act,a foreign state can be a political subdivision of a foreign state.

Under the principle of comity,all foreign governments are subject to all U.S.laws.

Secure Investments,Inc.,a U.S.firm,expands into international markets through a joint venture.In this situation,Secure owns

According to the Foreign Sovereign Immunities Act,a foreign state that waived its immunity by implication is subject to the jurisdiction of the U.S.courts.