Int biz law test 1 Jep

A nation has clear power over all persons (citizens and non-citizens), places and power within its geographical area, airspace or defined waters. This states the principle of:

Territorial jurisdiction.

in the legal system of the UK and the US the reasoned decisions of judges became the law of controlling the case and the precedent of similar cases is binding on future cases

Common law system

The case of Liechtenstein v. Guatemala decided by the UCJ in 1955 focused on the concept of:

Diplomatic protection.

All of the following are examples of how the risks of international business differ from those of doing business at home

Fewer language and cultural barriers

An investment in the form of business ownership in one country by a firm based in another country Also, the riskiest way to do business

Foreign direct investment (FDI)

Country under whose laws the entity as created or headquartered

Home country

_____- involves shipping goods to a foreign buyer in a Foreign country

Importing

A written and binding agreement between three or more countries given effect under international law is best described as a(n):

Multilateral treaty.

A cooperative business arrangement between 2 or more businesses may be a

Partnership, joint venture, and corporation

Jim is a citizen of the Spain. He enters into a contract with a German catering company that caters events. They fail to fulfill their contract obligations to him. He looks for the law giving him a right to get a remedy (i.e., money damages). This dispute on its face appears to be a question of:

Private international law

Agreement that modifies a treaty or convention that deals with issues less significant then that of treaty

Protocol

Susan is a US citizen. She owns a 50-acre tract of farmland in Mexico. Mexican law enforcement personnel constantly harass her, threaten to arrest her, and eventually detain her in a prison where she was tortured until she agrees to sell her land at a below-market price to local landowner. She angrily returns to the US and writes her elected officials asking the US government to help her and right the wrong she has suffered. Which is her best remedy or at least a place to start with reasonable prospect of a court remedy?

Seeking diplomatic protection from US government and asking it to file a case seeking damages in the appropriate forum.

Because international law is not dictated by any one legislative body it is lawmaking by choice and consent

True

A treaty between two countries is said to be

Bilateral

Countries willing to join a treaty

Signatories

Several subsidiaries owned and controlled by one parent organization

Affiliates

A US citizen (individual or company) owes a duty to pay income taxes no matter where the income was earned. Which is the basis for exercise of this power to collect such tax by the United States?

Nationality jurisdiction.

The International Court of Justice is the primary judicial organ of _________. a. North Atlantic Treaty Organization b. World Trade Organization

THE United Nations

Which item below gives federal courts in the United States jurisdiction over civil claims for damages brought by non-US citizens for torts committed against them by other non-citizens outside the US?

US alien tort statute

Allen is a US citizen. He is a pirate and roams the Caribbean in his vessel with his fellow pirates looking for a vessel to attack. The "American Glory" is a vessel registered and operating under US laws. Allen's group of pirates boards that vessel and robs the passengers of all their cash and valuables. Allen departs the vessel with his loot and ultimately is captured in Brazil a month later where he is hiding out. He can be prosecuted in Brazil in the basis of the courts:

Universal jurisdiction.