2012 April 16 240 study guide 3

It prohibits all us companies from bribing foreign

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What does the Foreign Corrupt Practices Act prohibit? It prohibits all U.S, companies from bribing foreign government or political officials. 2. What is the difference between a bribe and grease payment? Bride is illegal; Greases is legal 3. Do American companies have to comply with American anti-discrimination laws when operating overseas? When are they not required to? Yes, they are not required to comply with these employment discrimination laws if compliance would violate the law of the foreign country in which the workplace is located. Chapter 51 1. What does it mean to say that someone died “intestate”? Someone died without will. 2. What happens to a person’s assets if they die without leaving a will? Their assets will pass to their heirs and next of kin; if they don’t have heirs and assets, their assets escheats (reverts) to the state. 3. What is a will? A properly executed written instrument whereby a person makes a disposition of his property. 4. What are the three formal requirements of a will? (1) In writing (2) signed (3) attested to by witnesses 5. What is a living will? A living is a document by which an individual states that she does not wish to receive extraordinary medical treatment in order to preserve her life.
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