Chapter 07 - CHAPTER 7INTERNATIONAL LAW TRUE/FALSE 1 The...

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Chapter 6 / Exercise 06
The Legal Environment Today
Cross/Miller
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CHAPTER 7—INTERNATIONAL LAWTRUE/FALSE1.The U.S. system of law is based primarily on code law.
PTS:1NAT:AACSB: AnalyticTOP:legal systems2.NATO is the result of a multilateral treaty.
PTS:1NAT:AACSB: AnalyticTOP:treaties3.Sovereign immunity protects individual nation's operations from outside interference.
PTS:1NAT:AACSB: AnalyticTOP:sovereign immunity4.Under the doctrine of sovereign immunity, commercial transactions cannot be regulated.
PTS:1NAT:AACSB: AnalyticTOP:sovereign immunity5.Expropriation is prohibited in countries that are members of the United Nations.
PTS:1NAT:AACSB: AnalyticTOP:nationalization6.Nationalization is a process of eminent domain.
PTS:1NAT:AACSB: AnalyticTOP:nationalization7.U.S. courts have no jurisdiction over foreign businesses with operations in the United States.
PTS:1NAT:AACSB: AnalyticTOP:international courts8.U.S. securities laws would not apply to countries selling securities in the United States under the doctrine of sovereign immunity.
PTS:1NAT:AACSB: AnalyticTOP:sovereign immunity9.The act of state doctrine precludes outside interference in expropriation.
PTS:1NAT:AACSB: AnalyticTOP:expropriation10.The overseas Private Investment Corporation is an insurer against expropriation.
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PTS:1NAT:AACSB: AnalyticTOP:expropriation11.Repatriation is the limitation on removal of profits earned in a country from that country.
PTS:1NAT:AACSB: AnalyticTOP:repatriation12.The doctrine of forum non conveniens is used to dismiss cases brought in courts in the wrong nation.
PTS:1NAT:AACSB: AnalyticTOP:forum non conveniens13.The U.S. antitrust laws apply only to U.S. firms.
PTS:1NAT:AACSB: AnalyticTOP:antitrust14.The Export Trading Company Act allows for international joint ventures that would otherwise be anticompetitive.
PTS:1NAT:AACSB: AnalyticTOP:antitrust15.Some of the most active pirates are from Cuba.
PTS:1NAT:AACSB: AnalyticTOP:pirates16.Under the doctrine of sovereign immunities, a country cannot be forced to answer civil or criminal charges in a U.S. court.
PTS:1NAT:AACSB: AnalyticTOP:sovereign immunity17.A foreign country engaging in commercial transactions in the United States is not protected by the doctrine of sovereign immunity for those transactions.
PTS:1NAT:AACSB: AnalyticTOP:sovereign immunity

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