Selected Answer: No, payment is not due until the buyer has had a reasonable time to inspect the goods. Question 10 1 out of 1 points If a foreign company "dumps" goods on the United States market: Selected Answer: a "dumping duty" will be imposed on the dumped goods if the Commerce Department determines the goods are being sold at less than fair value and that this harms an American industry. Question 11 0 out of 1 points If the United States sets a limit on the number of cars that can be imported, this action is a form of tariff. Selected Answer: Tru e Question 12 0 out of 1 points In Marubeni America Corp. v. United States , the federal appellate court ruled that the Nissan Pathfinder was, for tariff classification purposes a motor vehicle for the transport of passengers. The classification of goods is significant because: Selected Answer: the subsidy will vary depending on the classification. Question 13 1 out of 1 points
WorkfileContents.docx International comity holds that the courts of one nation lack the jurisdiction to hear suits against foreign governments. Selected Answer: Fals e Question 14 0 out of 1 points It is not a violation of United States law for a domestic company to pay money to a foreign governmental official in order to obtain a contract with the foreign government if this type of “commission” is commonly paid in that foreign country. Selected Answer: Tru e Question 15 0 out of 1 points Kjell is the vice president of international sales for Oxtren, Inc, a U.S. company. To secure a multimillion dollar contract for his company, Kjell paid a Mongolian governmental officer $10,000. Kjell: Selected Answer: has not violated the Foreign Corrupt Practice Act because the payment was a grease payment. Question 16 1 out of 1 points MagNet, a small United States computer company, started doing business in a foreign country. The foreign country later decided to take over all computer industry, including MagNet's operation. The foreign country paid MagNet adequate compensation in United States dollars. The foreign country’s action is called: Selected Answer: expropriati on. Question 17 1 out of 1 points Multinational enterprises are companies doing business in several countries simultaneously. Selected Answer: Tru e Question 18 1 out of 1 points Notren, Inc., a U.S. company, and SWT, a Singapore company, entered into a contract under which SWT is to ship party supplies to Notren. One of the terms of the contract states, "Any disputes that arise under this contract will be resolved in the courts of Singapore." This contract term is a: Selected Answer: choice of forum clause.
WorkfileContents.docx Question 19 0 out of 1 points Oxtron, Inc., a U.S. company, and Leer, an Argentinean company, orally
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- Spring '14
- International Trade, Federal government of the United States