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Exam 23: International and Space Law

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Question 21

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Mont Blanc 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 Mont Blanc's goods in

A) the European market.
B) France.
C) the United States.
D) the world market.

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

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Question 22

Multiple Choice

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Venezuela seizes the assets of World Oil, Inc., a U.S. firm. World Oil's recovery from Venezuela in a U.S. court may be prevented by

A) the act of state doctrine.
B) the doctrine of sovereign immunity.
C) a court in Venezuela.
D) the principle of comity.

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

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Question 23

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Equity International Inc., a U.S. firm, and Finance Invest Ltd., a firm in Great Britain, are parties to a contract with a forum-selection clause. The forum specified in the clause must be within the geographic boundaries of

Nakeya and other foreign citizens allege environmental destruction committed overseas by the government of Cameroon on behalf of Global Mining Company, a U.S. firm. To seek redress for their injuries in a U.S. court, these citizens can

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

Retail Operations, Inc., a U.S. firm, obtains a judgment in a U.S. court against Shinobu, Ltd., a Japanese business. Whether the court's judgment will be enforced by a court in Japan depends on the Japanese court's application of

Under the Outer Space Treaty, a moon, a planet, an asteroid, or any other celestial body is subject to the appropriation of

The Outer Space Treaty provides that a nation retains jurisdiction over objects on its space registry that are launched into space. The treaty also prohibits interference with space activities. In effect, these provisions

A body of law-formed as a result of international customs, treaties, and organizations-that governs relations among or between nations is

Opti-Med Inc., a U.S. firm, signs a contract with Pharma Ltd., a Canadian firm, to give Pharma the right to sell Opti-Med's products in Canada. This is

The U.S. government does not generally regulate private spaceports and the launch and reentry of private spacecraft.

Under the act of state doctrine, a U.S. court can rule on the validity of a foreign government's acts within its own territory.

Regional trade agreements and associations help to minimize trade barriers among nations.

The parties to an international contract can indicate what court, jurisdiction, or tribunal will decide any disputes arising under the contract.

Mexico is likely to defer and give effect to the laws and judicial decrees of the United States as long as

A U.S. court will likely uphold a contract created in the United Kingdom because the U.K.'s laws are generally compatible with those of the United States.

An allegation that certain imported goods infringe on a U.S. firm's patents will be investigated by the Export-Import Bank of the United States.

U.S. antitrust laws can protect foreign consumers and competitors from violations committed by U.S. citizens and companies.

A company can export indirectly and thereby limit its involvement in an international market by making use of agency relationships.

As part of a deal for power-generating equipment, Solar Wind Company and Thermal Gen Ltd. enter into a written contract that includes a clause providing for the arbitration of any dispute in the United States. Under the New York Convention, if a dispute arises, a court will compel arbitration if both parties are