Question 1

Blue Space Corporation launches exploratory space flights to the moon and Mars.The purpose is to discover and retrieve minerals and other resources.Under U.S.Law,Blue Space

Accepted Answer

A)  cannot profit from resources retrieved in space.
B)  cannot legally retrieve resources in space.
C)  must share with all interested parties what it retrieves in space.
D)  owns what it retrieves in space.E) A) and D)
F) None of the above

Question 2

Alpha WiFi Corporation,a U.S.firm,signs a contract with Bueno Computadores,Ltd. ,an Argentinean firm,for a shipment and payment for Alpha's goods.This is

Accepted Answer

A)  a distribution agreement.
B)  a joint venture.
C)  direct exporting.
D)  licensing.E) All of the above
F) A) and B)

Question 3

Dumping is the exporting of environmentally polluting goods to a foreign market.

Accepted Answer

A) True 
 B)False

Question 4

Restrictions on imports include tariffs.

Accepted Answer

A) True 
 B)False  True

Question 5

Few countries guarantee compensation to foreign investors if their property is taken.

Accepted Answer

A) True 
 B)False

Question 6

Star Flights Inc.launches exploratory and commercial space flights from its base in the United States.In the event of a collision with other space objects,under the Outer Space Treaty,liability for injury or damage

Accepted Answer

A)  is to be assumed by all involved parties equitably
B)  is strict liability-that is,liability without fault.
C)  is subject to a determination of fault.
D)  does not exist.E) None of the above
F) All of the above

Question 7

Restrictions on imports include quotas.

Accepted Answer

A) True 
 B)False

Question 8

The U.S.government does not generally regulate private spaceports and the launch and reentry of private spacecraft.

Accepted Answer

A) True 
 B)False

Question 9

The chief aim of the European Union is to maximize trade barriers among its members.

Accepted Answer

A) True 
 B)False

Question 10

Jackson,or any U.S.citizen,can bring a civil suit in a U.S.court against a foreign entity for a tort allegedly committed in

Accepted Answer

A)  the United States only.
B)  the United States or overseas.
C)  overseas only.
D)  none of the choices.E) B) and D)
F) A) and B)

Question 11

Finance International Inc. ,a U.S.firm,and Euro Invest,Ltd. ,a firm based in Great Britain,are parties to a contract with a choice-of-forum clause.The forum specified in the clause must be within the geographic boundaries of

Accepted Answer

A)  the United States.
B)  Great Britain.
C)  none of the choices.
D)  any "choice," or superior,forum.E) A) and B)
F) All of the above C

Question 12

A nation that launches objects into space is absolutely liable for personal injury and property damage caused by its objects on Earth or in flight.

Accepted Answer

A) True 
 B)False

Question 13

Generally,a foreign government cannot sue under U.S.antitrust laws in U.S.courts.

Accepted Answer

A) True 
 B)False

Question 14

Tropic Foods Corporation,a U.S.firm,owns property in Ecuador.When the Ecuadoran government seizes the property,Tropic Foods asks a U.S.court to order the property's return.The court rules that Ecuador is exempt from the court's jurisdiction.This is

Accepted Answer

A)  a travesty of justice.
B)  the act of state doctrine.
C)  the doctrine of sovereign immunity.
D)  the principle of comity.E) A) and B)
F) A) and C)

Question 15

International contracts frequently include arbitration clauses.

Accepted Answer

A) True 
 B)False

Question 16

When a U.S.firm wishes to increase its involvement in an international market,it normally establishes an agency relationship with a foreign firm.

Accepted Answer

A) True 
 B)False  False

Question 17

Northwest Resources,Inc. ,and Midwest Commodities Corporation are exporting firms that join together to export a line of products. Northwest Resources and Midwest Commodities apply to Commerce Bank for a loan to fund their effort.Under federal law,Commerce and other U.S.banks are

Accepted Answer

A)  encouraged by credit guaranties to lend such funds.
B)  discouraged by administrative rules to make such loans.
C)  asked by enforcement agencies to report such requests.
D)  banned by statute from opening such credit lines.E) B) and C)
F) None of the above

Question 18

Without permission,a Russian firm names itself McDonald's and begins selling hamburgers and French fries in Russia.This is

Accepted Answer

A)  piracy.
B)  a licensing agreement.
C)  indirect exporting.
D)  franchising.E) B) and C)
F) C) and D)

Question 19

In a joint venture,the parent company in the United States retains complete ownership and authority over all phases of the operation.

Accepted Answer

A) True 
 B)False

Question 20

Quotas include limits on the amounts of goods that can be exported.

Accepted Answer

A) True 
 B)False

Exam 11: International and Space Law

Blue Space Corporation launches exploratory space flights to the moon and Mars.The purpose is to discover and retrieve minerals and other resources.Under U.S.Law,Blue Space

Correct AnswerverifiedShow Answer

Alpha WiFi Corporation,a U.S.firm,signs a contract with Bueno Computadores,Ltd. ,an Argentinean firm,for a shipment and payment for Alpha's goods.This is

Correct AnswerverifiedShow Answer

Dumping is the exporting of environmentally polluting goods to a foreign market.

Correct AnswerverifiedShow Answer

Restrictions on imports include tariffs.

Correct AnswerverifiedTrue

Few countries guarantee compensation to foreign investors if their property is taken.

Correct AnswerverifiedShow Answer

Star Flights Inc.launches exploratory and commercial space flights from its base in the United States.In the event of a collision with other space objects,under the Outer Space Treaty,liability for injury or damage

Correct AnswerverifiedShow Answer

Restrictions on imports include quotas.

Correct AnswerverifiedShow Answer

The U.S.government does not generally regulate private spaceports and the launch and reentry of private spacecraft.

Correct AnswerverifiedShow Answer

The chief aim of the European Union is to maximize trade barriers among its members.

Correct AnswerverifiedShow Answer

Jackson,or any U.S.citizen,can bring a civil suit in a U.S.court against a foreign entity for a tort allegedly committed in

Correct AnswerverifiedShow Answer

Finance International Inc. ,a U.S.firm,and Euro Invest,Ltd. ,a firm based in Great Britain,are parties to a contract with a choice-of-forum clause.The forum specified in the clause must be within the geographic boundaries of

Correct AnswerverifiedC

A nation that launches objects into space is absolutely liable for personal injury and property damage caused by its objects on Earth or in flight.

Correct AnswerverifiedShow Answer

Generally,a foreign government cannot sue under U.S.antitrust laws in U.S.courts.

Correct AnswerverifiedShow Answer

Tropic Foods Corporation,a U.S.firm,owns property in Ecuador.When the Ecuadoran government seizes the property,Tropic Foods asks a U.S.court to order the property's return.The court rules that Ecuador is exempt from the court's jurisdiction.This is

Correct AnswerverifiedShow Answer

International contracts frequently include arbitration clauses.

Correct AnswerverifiedShow Answer

When a U.S.firm wishes to increase its involvement in an international market,it normally establishes an agency relationship with a foreign firm.

Correct AnswerverifiedFalse

Northwest Resources,Inc. ,and Midwest Commodities Corporation are exporting firms that join together to export a line of products. Northwest Resources and Midwest Commodities apply to Commerce Bank for a loan to fund their effort.Under federal law,Commerce and other U.S.banks are

Correct AnswerverifiedShow Answer

Without permission,a Russian firm names itself McDonald's and begins selling hamburgers and French fries in Russia.This is

Correct AnswerverifiedShow Answer

In a joint venture,the parent company in the United States retains complete ownership and authority over all phases of the operation.

Correct AnswerverifiedShow Answer

Quotas include limits on the amounts of goods that can be exported.

Correct AnswerverifiedShow Answer

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True

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C

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False

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