Law Chp 25
international monetary fund
intended to promote stability of world currencies and provide temporary assistance for countries to help prevent the collapse of their economies
Common law jurisdictions adhere to the concept of ________, whereby a court may strike down a piece of legislation if it violates an overriding principle of law.
judicial review
Legal systems that are made of two or more different legal systems are known as
mixed legal systems
The CISG provisions do not apply to transactions in which one party is a _______.
nonmerchant
sources of international law
treaties, customs, judicial decisions
The Foreign Corrupt Practices Act was created to prevent bribery of foreign officials.
true
The World Trade Organization (WTO) has certain authority over disputes about trade barriers.
true
The common law legal system allows judges to fill in gaps in the law that are not covered by a statute.
true
The civil law system relies heavily on ________ to define the laws.
written codes
sovereign immunity
A doctrine that immunizes foreign nations from the jurisdiction of U.S. courts with some exceptions
Trans-Pacific partnership
A trade agreement among 12 Pacific Rim countries
Foreign Corrupt Practices Act
U.S. law regulating behavior regarding the conduct of international business in the taking of bribes and other unethical actions. Requires corporations to keep accurate record books.
international court of justice
a court established to settle disputes between members of the United Nations; Netherlands
What type of legal system would a government that based its laws on the tenets of Islam have?
a religious-based legal system
common legal system
english law heritage; fills in gaps; certain british countries
united nations
facilitate common international concerns on defense, trade, the protection of human rights, and other matters
Countries that follow the common law system include the United States, Canada, Australia, and most of Latin America.
false
Foreign Sovereign Immunities Act (FSIA)
federal statute that incorporates sovereign immunity by explicitly prohibiting U.S. courts from rendering judicial actions against foreign nations or their government officials unless 1). the foreign nations has waived its immunity either explicitly or by implication, 2). the foreign nation is engaged in some commercial enterprise on U.S. soil, or 3). foreign natinons actions have a direct effect on u.s. interest
european court of justice
final arbiter of the codes governing European Union member countries; Luxembourg
world trade organization
promotes and has certain authority over disputes involving trade barriers
The civil law system is based on the ______ legal heritage.
roman
civil legal system
roman law heritage; doesn't fill in gaps
Under the concept of ______, nations are exempt from jurisdiction in other nations' courts.
sovereign immunity
religious legal systems
systems of legal rules based on religious teachings; islam