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Exam 25: International Law in a Global Economy

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Question 41

True/False

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A foreign government can never sue under U.S. anti-trust laws in U.S. courts.

A) True
B) False

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Question 42

Multiple Choice

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Telfonix Corporation, a U.S. firm, and Adex, Inc., a British firm, are parties to a contract with a forum selection clause. The forum specified in the clause must be within the geographic boundaries of

A) the United States.
B) Britain.
C) neither the United States nor Britain.
D) either the United States or Britain.

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

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Question 43

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A foreign citizen can bring a civil suit in a U.S. court for a violation of an international tort law.

Skye Pye Corporation, a U.S. firm, wishes to participate, but limit its involvement, in Middle Eastern markets. Skye Pye empowers Alem, Ltd., a United Arab Emirates firm, to enter into contracts in certain countries on Skye Pye's behalf. This is​

Restrictions on imports may not include tariffs.

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

In a joint venture, the parent company in the United States retains complete ownership and authority over all phases of the operation.

Fashion Industries Corporation owns assets in Vietnam, a country in Asia. The government of Vietnam wants to nationalize all assets owned by foreign firms and investors. What can Fashion Industries do? Can it at least obtain payment for the assets?​

The chief aim of the European Union is to maximize trade barriers among its members.

Jack, or any U.S. citizen, can bring a civil suit in a U.S. court against a foreign entity​

​International contracts rarely include arbitration clauses.

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