Ch25-TB-BLTE-8e

Ch25-TB-BLTE-8e - Chapter25 InternationalLawin...

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Chapter 25 International Law in a Global Economy TRUE/FALSE QUESTIONS 1. International law governs relations between and among nations. ANSWER: T PAGE: 761 TYPE: = MISC: AACSB Analytic Skill Level: AICPA Legal 2. Under the principle of comity, a foreign business that deals with a U.S.  business may be subject to U.S. law. ANSWER: T PAGE: 762 TYPE: + MISC: AACSB Analytic Skill Level: AICPA Legal 3. The principle of comity allows one country to give effect to the laws of an- other country if the laws of that country are consistent with its own laws. ANSWER: T PAGE: 762 TYPE: = MISC: AACSB Analytic Skill Level: AICPA Legal 4. Under the act of state doctrine, a firm whose assets a foreign government  has expropriated may  not  recover compensatory damages in a U.S. court. ANSWER: T PAGE: 762 TYPE: N MISC: AACSB Analytic Skill Level: AICPA Legal 5. Under the principle of comity, foreign nations are exempt from the juris- diction of U.S. courts. 129
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130 TEST BANK TO ACCOMPANY BUSINESS LAW TODAY: THE ESSENTIALS ANSWER: F PAGE: 762 TYPE: = MISC: AACSB Analytic Skill Level: AICPA Legal
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CHAPTER 25: INTERNATIONAL LAW IN A GLOBAL ECONOMY 131 6. The principle of comity is based primarily on courtesy and respect. ANSWER: T PAGE: 762 TYPE: = MISC: AACSB Analytic Skill Level: AICPA Legal 7. The act of state doctrine provides that only a head of state can make trea- ties with another nation. ANSWER: F PAGE: 762 TYPE: = MISC: AACSB Analytic Skill Level: AICPA Legal 8. Confiscation occurs when a government seizes private property for a proper  public purpose and awards “just confiscation.” ANSWER: F PAGE: 762 TYPE: + MISC: AACSB Analytic Skill Level: AICPA Legal 9. Firms overseas have almost total legal protection against government acts  in the countries in which they operate, under the act of state doctrine. ANSWER: F PAGE: 762 TYPE: = MISC: AACSB Analytic Skill Level: AICPA Legal 10. The doctrine of sovereign immunity can immunize a foreign nation from the  jurisdiction of U.S. courts. ANSWER: T PAGE: 763 TYPE: = MISC: AACSB Analytic Skill Level: AICPA Legal 11. A foreign state involved in commercial activity within the United States is  immune from the jurisdiction of U.S. courts. ANSWER: F PAGE: 763 TYPE: + MISC: AACSB Analytic Skill Level: AICPA Legal 12. The Foreign Sovereign Immunities Act defines what “commercial activity.” ANSWER: F PAGE: 763 TYPE: = MISC: AACSB Analytic Skill Level: AICPA Legal 13. The simplest way for a U.S. firm to do business in a foreign market is to ex- port its products directly to that market.
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132 TEST BANK TO ACCOMPANY BUSINESS LAW TODAY: THE ESSENTIALS ANSWER: T PAGE: 764 TYPE: = MISC: AACSB Reflective Skill Level: AICPA Critical  Thinking
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This note was uploaded on 11/03/2009 for the course ARE 18 taught by Professor Maxey during the Spring '08 term at UC Davis.

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Ch25-TB-BLTE-8e - Chapter25 InternationalLawin...

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