Question 1

The Outer Space Treaty declares that internationally recognized political boundaries extend from Earth into the farthest reaches of space.

Accepted Answer

A) True 
 B)False

Question 2

By means of an arbitration clause , the parties to an international business contract agree in advance to resolve any dispute without involving a third party.

Accepted Answer

A) True 
 B)False

Question 3

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.

Accepted Answer

A) True 
 B)False

Question 4

A U.S. court can assert jurisdiction over a foreign government in a case involving the control of natural resources within that government's territory.

Accepted Answer

A) True 
 B)False

Question 5

In the United States, each government agency that operates or authorizes spacecraft is responsible for complying with U.S. law and international treaties.

Accepted Answer

A) True 
 B)False

Question 6

International law is formed as result of international customs, treaties, agreements, and organizations.

Accepted Answer

A) True 
 B)False

Question 7

Space Corporation launches exploratory space flights to the moon and Mars. The purpose is to discover and retrieve minerals and other resources. Under U.S. law, the corporate explorer

Accepted Answer

A)  cannot profit from resources retrieved in space.
B)  cannot legally retrieve resources in space.
C)  must share with all interested parties what it retrieves in space.
D)  owns what it retrieves in space.E) A) and D)
F) B) and D)

Question 8

When a foreign country represents a substantial market for a U.S. manufacturer, the firm may enter into an agreement for the distribution of its products in that market by a foreign distributor.

Accepted Answer

A) True 
 B)False

Question 9

When a foreign government acts as a "private party" in the market, its actions qualify as commercial activity for purposes of the Foreign Sovereign Immunities Act.

Accepted Answer

A) True 
 B)False

Question 10

An export tax imposed by Congress would be unconstitutional.

Accepted Answer

A) True 
 B)False

Question 11

Because exchanges of goods on a global level are routine, students of business law do not need to be familiar with laws pertaining to international business transactions.

Accepted Answer

A) True 
 B)False

Question 12

A foreign state is not immune from the jurisdiction of a U.S. court when it has engaged in commercial activity within the United States.

Accepted Answer

A) True 
 B)False

Question 13

Comida de Chile S.A., an export company in Chile, and Deli Source Inc., an import form in the United States, enter into a contract. When Deli breaches the contract, Comida obtains an award of damages in a Chilean court. Comida then asks a U.S. court to enforce the award. The U.S. court defers to and enforces the Chilean court's decree. This is an application of

Accepted Answer

A)  none of the choices.
B)  the act of state doctrine.
C)  the doctrine of sovereign immunity.
D)  the principle of comity.E) B) and D)
F) None of the above

Question 14

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

Accepted Answer

A)  a dumping duty.
B)  an antidumping duty.
C)  a quota.
D)  a tariff.E) C) and D)
F) B) and C)

Question 15

Burger Bistros, a U.S. firm, makes a deal with a Canadian firm, Donny's Diners, that allows Donny's to use Burger's trade name in Canada in return for a fee. This is

Accepted Answer

A)  a license.
B)  a distribution agreement.
C)  a subsidiary.
D)  direct exporting.E) B) and C)
F) None of the above

Question 16

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

Accepted Answer

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

Question 17

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

Accepted Answer

A) True 
 B)False

Question 18

National laws-involving taxes, for example-do not become international law until they are applied beyond a nation's borders.

Accepted Answer

A) True 
 B)False

Question 19

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

Accepted Answer

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

Question 20

In an action by a domestic business to attach a foreign nation's property, the plaintiff must prove that the defendant is not entitled to sovereign immunity.

Accepted Answer

A) True 
 B)False

Exam 24: International and Space Law

By means of an arbitration clause , the parties to an international business contract agree in advance to resolve any dispute without involving a third party.

Correct Answer
verified

Correct Answer
verified

In an action by a domestic business to attach a foreign nation's property, the plaintiff must prove that the defendant is not entitled to sovereign immunity.

Correct Answer
verified

When a foreign country represents a substantial market for a U.S. manufacturer, the firm may enter into an agreement for the distribution of its products in that market by a foreign distributor.

Correct Answer
verified

Burger Bistros, a U.S. firm, makes a deal with a Canadian firm, Donny's Diners, that allows Donny's to use Burger's trade name in Canada in return for a fee. This is

Correct Answer
verified

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.

Correct Answer
verified

Because exchanges of goods on a global level are routine, students of business law do not need to be familiar with laws pertaining to international business transactions.

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

A U.S. court can assert jurisdiction over a foreign government in a case involving the control of natural resources within that government's territory.

Correct Answer
verified

International law is formed as result of international customs, treaties, agreements, and organizations.

Correct Answer
verified

In the United States, each government agency that operates or authorizes spacecraft is responsible for complying with U.S. law and international treaties.

Correct Answer
verified

The Outer Space Treaty declares that internationally recognized political boundaries extend from Earth into the farthest reaches of space.

Correct Answer
verified

When a foreign government acts as a "private party" in the market, its actions qualify as commercial activity for purposes of the Foreign Sovereign Immunities Act.

Correct Answer
verified

National laws-involving taxes, for example-do not become international law until they are applied beyond a nation's borders.

Correct Answer
verified

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

Correct Answer
verified

An export tax imposed by Congress would be unconstitutional.

Correct Answer
verified

Space Corporation launches exploratory space flights to the moon and Mars. The purpose is to discover and retrieve minerals and other resources. Under U.S. law, the corporate explorer

Correct Answer
verified

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

Correct Answer
verified

A foreign state is not immune from the jurisdiction of a U.S. court when it has engaged in commercial activity within the United States.

Correct Answer
verified

Exam 24: International and Space Law

By means of an arbitration clause , the parties to an international business contract agree in advance to resolve any dispute without involving a third party.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

In an action by a domestic business to attach a foreign nation's property, the plaintiff must prove that the defendant is not entitled to sovereign immunity.

Correct AnswerverifiedShow Answer

When a foreign country represents a substantial market for a U.S. manufacturer, the firm may enter into an agreement for the distribution of its products in that market by a foreign distributor.

Correct AnswerverifiedShow Answer

Burger Bistros, a U.S. firm, makes a deal with a Canadian firm, Donny's Diners, that allows Donny's to use Burger's trade name in Canada in return for a fee. This is

Correct AnswerverifiedShow Answer

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.

Correct AnswerverifiedShow Answer

Because exchanges of goods on a global level are routine, students of business law do not need to be familiar with laws pertaining to international business transactions.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

A U.S. court can assert jurisdiction over a foreign government in a case involving the control of natural resources within that government's territory.

Correct AnswerverifiedShow Answer

International law is formed as result of international customs, treaties, agreements, and organizations.

Correct AnswerverifiedShow Answer

In the United States, each government agency that operates or authorizes spacecraft is responsible for complying with U.S. law and international treaties.

Correct AnswerverifiedShow Answer

The Outer Space Treaty declares that internationally recognized political boundaries extend from Earth into the farthest reaches of space.

Correct AnswerverifiedShow Answer

When a foreign government acts as a "private party" in the market, its actions qualify as commercial activity for purposes of the Foreign Sovereign Immunities Act.

Correct AnswerverifiedShow Answer

National laws-involving taxes, for example-do not become international law until they are applied beyond a nation's borders.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

An export tax imposed by Congress would be unconstitutional.

Correct AnswerverifiedShow Answer

Space Corporation launches exploratory space flights to the moon and Mars. The purpose is to discover and retrieve minerals and other resources. Under U.S. law, the corporate explorer

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

A foreign state is not immune from the jurisdiction of a U.S. court when it has engaged in commercial activity within the United States.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified