1. National courts interpret and apply International Business Law according to their own legal rules and case precedent.
2. True
3. False

1 points

QUESTION 23

1. National attitudes toward economics affect attitudes toward the law and regulation of International Business.
2. True
3. False

1 points

QUESTION 24

1. Under the principle of nationality jurisdiction, a country has the right to hear cases stemming from crimes committed against its citizens in foreign nations.
2. True
3. False

1 points

QUESTION 25

1. ADR is a good way to reduce costs of litigation and avoid a foreign war.
2. True
3. False

1 points

QUESTION 26

1. A very desirable characteristic of ADR is the nonpublic proceeding which protects the privacy of the parties.
2. True
3. False

1 points

QUESTION 27

1. In the U.S. an arbitration clause in a contract is usually honored as long as it meets due process requirements.
2. True
3. False

1 points

QUESTION 28

1. Under U.S. commercial law cases, jurisdiction is recognized for in personam, in rem, subject matter and also nationality jurisdiction.
2. True
3. False

1 points

QUESTION 29

1. For in rem jurisdiction, the minimum contacts analysis is the current preferred method for determination of the issues.
2. True
3. False

1 points

QUESTION 30

1. The issue of venue is similar to the forum issue and therefore it is implied in a forum clause.
2. True
3. False

1 points

QUESTION 31

1. The term "Conflict of Laws "refers to rules used by a court to determine jurisdiction, the rights and liabilities of the parties, and how to enforce a judgement.
2. True
3. False

1 points

QUESTION 32

1. The Full Faith and Credit Clause of the Constitution does not apply to foreign nations, therefore courts apply state law.
2. True
3. False

1 points

QUESTION 33

1. Foreign nations are immune from many types of lawsuits because they are sovereign nations, but an exception exists when a foreign nation acts in a commercial capacity.
2. True
3. False

1 points

QUESTION 34

1. Cultural differences among nations makes international sales difficult to negotiate, as well as litigate.
2. True
3. False

1 points

QUESTION 35

1. International customs is international law binding on all signatories of CISG.
2. True
3. False

1 points

QUESTION 36

1. CISG is applicable whenever one party is a signatory.
2. True
3. False

1 points

QUESTION 37

1. The process of making national sales law more uniform is referred to as unification of law.
2. True
3. False

1 points

QUESTION 38

1. CISG, unlike common law countries, does not recognized the application of trade usage.
2. True
3. False

1 points

QUESTION 39

1. A fundamental breach under CISG essentially means the non-breaching party to a contract has been denied the "benefit of the bargain".
2. True
3. False

1 points

QUESTION 40

1. Just like any other int'l law, each nation adopts its own tariff schedule which it applies to the Harmonized Coding System.
2. True
3. False