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Exam 43: International and Space Law

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Question 21

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A distribution agreement is a contract between the seller and the distributor setting out the terms and conditions of the distributorship.

A) True
B) False

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Question 22

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The Outer Space Treaty declares that internationally recognized political boundaries extend from Earth into the farthest reaches of space.

A) True
B) False

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Question 23

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The Foreign Sovereign Immunities Act governs the circumstances in which an action may be brought in the United States against a foreign nation.

Mining Company, a U.S. firm, owns property in Bolivia. The government of Bolivia seizes the property for an illegal purpose without paying just compensation. This is

Mexico is likely to defer and give effect to the laws and judicial decrees of the United States as long as

A choice-of-language clause designates the official language for a contract's interpretation.

Venezuela seizes the assets of World Oil, Inc., a U.S. firm. World Oil's recovery from Venezuela in a U.S. court may be prevented by

Many remedies are available for confiscation of property by a foreign government.

Global Industries Corporation owns assets in Kazakhstan, a country in Asia. The government of Kazakhstan wants to nationalize all assets owned by foreign firms and investors. What can Global Industries do? Can it at least obtain payment for the assets?

The Outer Space Treaty provides that a nation retains jurisdiction over objects on its space registry that are launched into space. The treaty also prohibits interference with space activities. In effect, these provisions

Under United Nations guidelines, objects no longer in operation should be removed from orbit if this can be accomplished in a controlled manner.

In an international contract, under a force majeure clause, a party may be excused from liability for nonperformance by

The act of state doctrine immunizes foreign nations from the jurisdiction of U.S. courts when certain conditions are satisfied.

Finance Corporation, a U.S. firm, files a suit against Ghana in a U.S. court. Under the Foreign Sovereign Immunities Act, Ghana is immune from the jurisdiction of the court if Ghana has

A U.S. firm cannot license a foreign manufacturing company to use its intellectual property or trade secrets.

Universally accepted rules govern which court has jurisdiction over parties to a dispute involving a deal struck between a U.S. company and a company in another country.

International law is formed as result of international customs, treaties, and organizations.

Sufficient business develops in France for Graphic Comics Inc., a U.S. firm, to appoint Comics Graphique Ltd., a French firm, to act as Graphic's marketing representative in France. This is

In international business, franchising involves

Under the Outer Space Treaty, the outer space activities of private entities require authorization and supervision by