Ch 8 notes - Bus 187 10/4/07 CH 8 International Business...

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Bus 187 10/4/07 CH 8 International Business Blunders Bad marketing Legal Environment -Legal tradition no international business law!!!!!!!!!! - Effectiveness of legal system - Treaties with foreign nations - Patent/ trademark laws - Laws affecting business firms Mostly civil laws Civil law country such as Mexico. Common Law In an accident. If you are from a common law state or country the liability follows the law of the country. But if the accident happened in NV and you are from IO, IO courts have to consider the common laws of NV. If you are from a civil law country, the liability follows the law of the place of the accident. If the renter rented the car in CA and gets in to an accident in NV, the company could file a lawsuit against the renter with the CA law. 3 principle of legal system - common law - civil law - legal traditions No international law Comparative legal system Common Law Mostly exercised by the European countries England – 1066 ad Tradition oriented (follow decisions of the past) Interpretation is influenced by previous court decisions (very different from the civil law)
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Stare decisis- what is the correct answer? Not necessary the right answer.
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Ch 8 notes - Bus 187 10/4/07 CH 8 International Business...

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