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Exam 8: International Law in a Global Economy

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Question 31

Multiple Choice

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Two Japanese firms-Mikato, Ltd., and Shuzushi, Ltd.-enter into a joint venture in an attempt to increase their market share of the U.S. auto market. If the joint venture is not a per se violation of U.S. antitrust laws, a U.S. court could exercise jurisdiction over the firms

A) if the joint venture has a substantial effect on U.S. commerce.
B) if the joint venture has any effect on U.S. commerce.
C) if the joint venture was entered into in the United States.
D) under no circumstances.

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

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Question 32

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Suisse Internationale, a Swiss maker of athletic equipment, enters into a price fixing agreement with Total World Sports, a U.S. wholesaler of Suisse's products. U.S. courts will apply U.S. antitrust laws if

A) the agreement was made in Switzerland.
B) the agreement was made in the United States.
C) the price fixing has a substantial effect on U.S. commerce.
D) the Swiss government agrees to be sued in the United States.

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

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Question 33

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KO Marketing Company, a U.S. firm, signs a contract with Librador Corporacion, a Chilean firm, to give Librador the right to use Innovative's animation techniques and characters in product promotions. This is

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

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

The act of state doctrine provides that the executive branch of one country will not examine the validity of public acts committed by a recognized foreign government within its own territory.

In some cases, foreign states are not immune from the jurisdiction of U.S. courts. These circumstances are governed by the

When a U.S. firm wishes to increase its involvement in an international market, it normally establishes an agency relationship with a foreign firm.

U.S. laws that prohibit discrimination in employment apply to U.S. employees working for U.S. firms located abroad.

Restrictions on imports may include prohibitions.

Bulbous Cordials, Inc., a U.S. firm, enters into an agreement with Columbiana Cacao, S.A., a South American firm, to fix the price of dark chocolate in the U.S. market. If the agreement is a per se violation of U.S. antitrust laws, a U.S. court could exercise jurisdiction over

The U.S. corporation Fun Toys, Inc. sets up a firm in China. The parent company remains in the United States and retains complete ownership of the China branch as well as complete authority and control over all phases of the operation. This is

Under the principle of comity, one nation may defer and give effect to the laws and judicial decrees of another country.

Michael, a citizen of Ireland, and Nina, a citizen of the United States, enter into a contract. When Nina breaches the contract, Michael obtains an award of damages in an Irish court. He asks a U.S. court to enforce the award. The U.S. court defers to and enforces the Irish court's decree. This is

The chief aim of the European Union and other trade organizations is to minimize trade barriers among their members.

Quality Energy Company, a U.S. firm, and Royal Petro, a Dutch firm, enter into a contract that includes an arbitration clause. This clause must provide that the arbitrator will be

Wrugged Woolens, Inc., a U.S. corporation, sets up a specialized marketing organization in Scotland by appointing a foreign agent. This is called

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

A party to a licensing agreement generally agrees to pay royalties on some basis.

The act of state doctrine does not have important consequences for firms doing business in other countries.