BUL4310 CHAP#8

Optima Medico Corporation, a U.S. firm, signs a contract with Pharma Beneficial, Ltd., a Canadian firm, to give Pharma the right to sell Optima's products in Canada. This is

A distribution agreement.

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

A quota.

UniVision Corporation, a U.S company, set up a firm in Vietnam. UniVision remains in the United States retains ownership of the Vietnamese branch, as well as authority

A wholly owned subsidiary

Omega, Ltd., imports athletics 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 a lower prices here than in its exporting countries. With respect to these imports, the United States may

Assess antidumping duties

Miranda is a U.S citizen working in Europe for Tourist Vacations, Inc. a U.S travel agency. Tourist fires Miranda for reasons that she believes violate U.S antidiscrimation laws. Those laws apply

Extraterritorially

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

False

Few countries guarantee compensation to foreign investors if their property is taken

False

International contracts rarely include arbitration clauses.

False

International law requires nations to honor the actions of other nations.

False

The importation of good that infringe U.S. patents is not prohibited

False

Yokio, Ltd., and Zero, S.A., transact an international sale of goods. At the request of these parties, a court in Portugal resolves a dispute between. A U.S court will most likely honor the judgment

If it is consistent with U.S. laws and public policy

Big Deal! Marketing Company, a U.S firm, signs a contract with Comercio Exterior, Ltd., a Chilean firm to give Comercio the right to use Big Deal!'s animation techniques and characters in product promotions. This is

Licensing

Fresh Meds, Inc., a U.S firms, contacts with Gong. Ltd., a Hong Kong firm, allowing Gong to use and profit form Fresh Med's patented products. This is

Licensing

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

Take coercive action-sever relations, impose boycotts, go to war

Global Marketing, INC., a U.S firm, own property in Honduras. The government in Honduras takes Global Marketing's property without paying for it. A U.S court will probably validity of this act committed by Honduras within its own territory, under

The act of state doctrine

An international custom can be defined as "evidence of a general practice accepted as law"

True

Expropriation occurs when a government seizes a privately owned business or privately owned goods for a proper public purpose and awards just compensation.

True

The major difference between international law and national law is that government authorities can enforce national law.

True

The principle of comity basically refers to legal reciprocity

True

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

True