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Exam 9: International Law in a Global Economy

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Question 41

Multiple Choice

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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) confiscation.
B) defalcation.
C) dumping.
D) expropriation.

E) None of the above
F) B) and C)

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Question 42

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Tariffs are taxes on imports.

A) True
B) False

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Question 43

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A U.S. citizen can bring a civil suit in a U.S. court against a U.S. entity for a tort allegedly committed overseas.

A party to a licensing agreement generally agrees to pay royalties.

The principle of comity is based primarily on international treaties.

Congress cannot impose any restrictions on exports except taxes.

When a forum-selection clause is included in an international contract, legal proceedings are more complex and attended by more uncertainty.

WiFi Corporation, a U.S. firm, signs a contract with Bueno Computadores, Ltd., an Argentinean firm, for a shipment and payment for WiFi's goods. This is

Many countries guarantee compensation to foreign investors if their property is taken.

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

Football Unlimited, a British seller of tickets to overseas sports games, enters into a price fixing agreement with World Cup Sports, the exclusive U.S. vendor of Football's tickets. A U.S. court is most likely to apply U.S. antitrust laws to this agreement

Bytes Business Corporation, a U.S. firm, and Comida Comercial, S.A., a Mexican firm, are parties to a contract that does not specify a choice of law. The governing law is that of