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

A) True
B) False

Correct Answer

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


A) a distribution agreement.
B) indirect exporting.
C) direct exporting.
D) licensing.

E) A) and B)
F) All of the above

Correct Answer

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Under United Nations guidelines,objects no longer in operation should be removed from orbit if this can be accomplished in a controlled manner.

A) True
B) False

Correct Answer

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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.

A) True
B) False

Correct Answer

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Restful Hotel Corporation,a U.S.firm,establishes a wholly owned subsidiary in Singapore.As a parent corporation,with respect to the subsidiary,Restful retains complete ownership of


A) all of the facilities in Singapore.
B) more than half,but less than all,of the facilities in Singapore.
C) none of the facilities in Singapore.
D) no more than half of the facilities in Singapore

E) A) and B)
F) B) and C)

Correct Answer

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U.S.law allows U.S.citizens,including private companies,to engage in the commercial exploration and exploitation of space resources.

A) True
B) False

Correct Answer

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In direct exporting,a U.S.company sets up a specialized marketing organization in a foreign market by appointing a foreign agent.

A) True
B) False

Correct Answer

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


A) space law.
B) universal law.
C) international law.
D) national law.

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

Correct Answer

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Under the Outer Space Treaty,with respect to a space object and the personnel aboard it,the launching state


A) forfeits supervisory authority to the United Nations.
B) shares dominion and responsibility with the United Nations.
C) retains complete jurisdiction and control.
D) grants political autonomy to those aboard the object.

E) A) and B)
F) C) and D)

Correct Answer

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Under the principle of comity,a domestic court will not examine the validity of any act committed by a foreign government within the court's jurisdiction.

A) True
B) False

Correct Answer

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Lunchies Corporation,a U.S.firm,signs a contract with Manger au Brasserie,S.A. ,a French firm,to give Manger the right to use the Lunchies trademark in restaurants in France.This is


A) a distribution agreement.
B) indirect exporting.
C) direct exporting.
D) licensing.

E) All of the above
F) C) and D)

Correct Answer

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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.

A) True
B) False

Correct Answer

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