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Exam 16: International Law in a Global Economy

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Question 21

Multiple Choice

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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​

A) ​the act of state doctrine.
B) ​the doctrine of sovereign immunity.
C) ​the North American Free Trade Agreement.
D) ​the principle of comity.

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

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Question 22

Multiple Choice

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Global Holdings, Inc. owns property in Kazakhstan. The Kazakhstan government seizes the property. In order for the seizure to be considered an expropriation and not a confiscation, the Kazakhstan government must​

A) ​pay just compensation to Global Holdings.
B) ​pay just compensation to the U.S. government.
C) ​obtain the approval of the United Nations.
D) ​act in full accord with the laws of Kazakhstan.

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

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Question 23

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The chief aim of the World Trade Organization is to minimize trade barriers among its members.

Quotas are limits on the amounts of goods that can be exported.

A treaty is a contract or other agreement between two or more nations that must be ratified by the United Nations to take effect.

The United States taxes each barrel of imported oil at a flat rate. This is​

Bango! Business, Inc., a U.S. firm, may have committed, in Chile, acts that would constitute, in the United States, violations of U.S. antitrust laws. These laws apply​

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

International contracts rarely include arbitration clauses.

Premier Clothing, Inc., a U.S. firm, obtains a judgment in a U.S. court against Quang Tri, Ltd., a Vietnamese business. Whether the court’s judgment will be enforced by a court in Vietnam depends on the Vietnamese court’s application of

Dumping is the sale of imported goods at "less than fair value."​

Without permission, a Russian firm names itself McDonald's and begins selling hamburgers and French fries in Russia. This is​

The primary goal of the North American Free Trade Agreement is to eliminate tariffs among the United States, Canada, and Mexico.

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

Call Center Corporation, a U.S. firm, owns property in India. The government of India seizes the property for a proper public purpose and pays Call Center just compensation. This is​

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​

Expropriation occurs when a government seizes private property for a proper purpose and awards just compensation.

The doctrine of sovereign immunity can immunize a foreign nation from the jurisdiction of U.S. courts.

A foreign state is immune from the jurisdiction of U.S. courts as long as the state is involved in commercial activity in the United States.

UniOil, a U.S. firm, owns property in Nicaragua. When the government of Nicaragua seizes the property, UniOil asks a U.S. court to order the property's return. The court rules that Nicaragua is exempt from the court's jurisdiction. This is​