Q.In the case DIP SpA v. Commune di Bassano del Grappa, the court agreed with the German Plaintiff that Italy was engaging in anti-competitive conduct by permitting local politicians to decide if adequate competition existed in their towns and cities.

A. True or False

Q.Congress placed the power to regulate commerce in the hands of the federal government to ensure states didn't erect trade barriers with foreign countries and to ensure the federal government could collect import duties.

A. True or False

Q.The Constitution provides the President with the overall constitutional power over trade policy with advice and consent of the Senate.

A. True or False

Q.In the case Youngstown Sheet & Tube v. Sawyer, the court denied the President's attempt, under authority as commander in chief, to take over the steel mills because the steel industry is not part of the industrial military complex.

A. True or False

Q.The President's inherent power is derived from the power expressly granted in the Constitution or that found there by judicial interpretation.

A. True or False

Q.In the case Transatlantic Financing Corp. v. United States, the court ruled the blockage of the Suez Canal was an unforeseeable contingency and therefore the United States was liable for additional transportation costs.

A. True or False

Q.Under the U.S. Constitution, a treaty is the law of the land for the federal government (not for the states) to adopt, because states are not mentioned in the Export/Import clause.

A. True or False

QIn the case, Ventress v. Japan Airlines, the court refused to consider the Friendship, Commerce and Navigation treaty because the airline intentionally discriminated against the plaintiff because of his age.

A. True or False

Q. The importance of a Congressional-Executive Agreement is the preapproval by both houses of Congress, which provides the parties with assurance that the agreement eventually consummated will be accepted by Congress.

A. True or False

Q. Under the Supremacy Clause, the federal government has the authority to preempt any state law, only if the law directly conflicts with a constitutionally delegated federal law.

A. True or False

Q. The President's trade promotion authority is the authority used to negotiate trade congressional-executive agreements.

A. True or False

Q According to the text, the main methods used to resolve disputes in international business are arbitration, mediation, and litigation.

A. True or False

Q.In order to enforce international judgments a plaintiff must live in a country that has ratified The U.N. Convention on the Recognition and Enforcement of Foreign Arbitral Awards also known as the New York Convention.

A. True or False

Q. With regard to international business, the best approach is to "Hope for the best, but prepare for the worse".

A. True or False

Q. In the case Gaskin v. Stumm, the court correctly held the contract Mr. Gaskin signed was not enforceable because it was all in German and a translator was not provided.

A. True or False