ACC 543 Wk 6 - Practice: International and Comparable Law

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ACC 543 Wk 6 - Practice: International and Comparable Law

_________is a multilateral free trade agreement between the U.S., Mexico, and Canada.

Multiple Choice

•      NAFTA
•      NATO
•      WHO
•      CAFTA

Systems that are considered adversarial in nature because opposing parties present their arguments before a neutral fact finder, who determines which side met its burden of proof, are known as _______ systems.

Multiple Choice

•      civil law
•      common law
•      socialist
•      public law

Which country is not a party to the Central American Free Trade Agreement?

Multiple Choice

•      Costa Rica
•      United States
•      Honduras
•      Canada

The commercial sale of goods is best defined by which of the following descriptions.

Multiple Choice

•      Foreign free trade between member states in which value exchanged between merchants of the member states.
•      The international sale of goods between countries in return for consideration.
•      The exchange of tangible personal property between merchants in return for consideration.
•      The exchange of personal property between businesses in different countries in return for consideration.

For a practice to be deemed a custom and a source of international law, it should

Multiple Choice

•      hold religious eminence among people.
•      be merely advisory and not legally binding.
•      have originated within the last decade.
•      be general and consistent among states.

The __________ is an international agreement governing the arbitration of private international disputes. This agreement applies when an award is made and one party seeks enforcement in the territories of the contracting states, and requires that each state recognize written arbitration agreements and arbitral awards as enforceable in its national courts.

Multiple Choice

•      New York Convention
•      New York Accord
•      New York Summit
•      Chicago Convention

The arrangement between the United States, Canada, and Mexico to reduce and gradually eliminate tariffs and other trade barriers is an example of a(n) _____.

Multiple Choice

•      multilateral free trade agreement.
•      nonactionable subsidy.
•      nontariff barrier.
•      pan-American union.

Which of the following is an example of an actionable subsidy?

Multiple Choice

•      Expenditures incurred on research and development.
•      Monetary aid provided to underdeveloped regions within a state.
•      Subsidies paid to encourage firms to use domestic rather than imported inputs.
•      Subsidies paid to firms to foster compliance with environmental standards.

A multimillion dollar U.S. project to construct a suspension bridge is in progress. Landmark, Co. in Sweden shares both profits and responsibilities for the project with Liberty Bridges, Inc., a firm based in the United States. This scenario is an example of a

Multiple Choice

•      franchise agreement.
•      horizontal acquisition.
•      licensing agreement.
•      joint venture.