BUS 8330 - Midterm Review

small answers for following questions

1.Sources of law in Canada - Constitution, statute, precedent, equity; Roman law not applicable

2.Implications of stare decisis - precedents are binding

3.Meaning of substantive law, procedural law, criminal law

4.Definition of law - rules that are enforceable

5.Purpose of GATT, GATS - reduction of obstacles to trade in goods, services

6.Rules of origin and the WTO's role in harmonizing laws

7.Implications of a customs union

8.What is a subsidy, countervailing duty

9.Incoterms, function and purpose, do they deal with title and ownership? - NO

10.What is Dumping, difference between countervailing duty

11.Certificate of origin - purpose?, what are documents required in an export transactions?

12.Parties in cheque transaction - drawer, drawee, payee

13.Role of customs officials

14.Agency - does he transact for his own account ?

15.Significance of actual and apparent authority

16.Distributorship - Whether free to choose its own customers, determine pricing etc.?

17.Legislation protecting interest of distributorship - minimum notice for termination etc.

18.Franchise - Does the franchisor own the business and invest capital?

19.Challenges with a joint venture? - decision making; does equal weight help?

20.Risks in FDI

21.Litigation v arbitration

22.Options in structuring a business

23.Foreign market access