BUS424- Chapter 9 - BUS424 Chapter 9 Tami Scorsone 1. What...

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BUS424 Chapter 9 Tami Scorsone 1. What is the significance of determining whether a country follows the rule of law? Because it makes encouraging foreign investment easier because foreign businesses will know that their interests will be protected. Following the rule of law also makes ensuring protection of human rights of local people easier. 2. How does international law differ from national law? What are the sources of international law? International law includes legal relations between governments, including laws concerning diplomatic relations between nationals and all matters involving the rights and obligations of sovereign nations. Private international law would cover matters involved in a contract between businesses in two different countries. National law is made of three major legal systems of the world today. They consist of civil law, common law and religious law. The sources are treaties, customary international law. 3. What objections do other countries have to extraterritorial application by the United States of its law? It is enforce laws abroad is done not by force but through traditional legal means.
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This note was uploaded on 03/12/2011 for the course BUS 424 taught by Professor Hampton during the Winter '10 term at University of Louisville.

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BUS424- Chapter 9 - BUS424 Chapter 9 Tami Scorsone 1. What...

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