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Exam 7: The International Legal Environment: Playing by the Rules

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Question 41

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Which of the following international conventions was established to recognize intellectual property rights?

A) The Paris Convention
B) The Munich Agreement
C) The Tokyo Convention
D) The Eurasian Convention
E) The Kyoto Protocol

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Question 42

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Under the antiboycott law, U.S. companies are forbidden to participate in any unauthorized foreign boycott. Which of the following situations brought about the antiboycott law in the U.S.?

A) The boycott of Cuba by the U.S.
B) The boycott of South Africa by the world community
C) The boycott of Israel by the Arab League
D) The boycott of China by the United States
E) The boycott of the U.S. by the U.S.S.R. (the wheat embargo)

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Question 43

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One of the deterrents to litigation with respect to disputes in the international business arena is the fear of creating a poor image and damaging public relations.

Firms that have been penalized for bribing by the Foreign Corrupt Practices Act (FCPA) can reduce the penalties by helping in investigations.

Jimmy's foods, a popular food company in the United States, is trying to resolve a dispute with a local company in New Zealand that has been operating under the same name in its country. All attempts made by the U.S. company to settle the issue in a friendly manner have failed. The directors want to retain their trade name in New Zealand and have decided to settle the dispute with the local company by appointing a mediator. They also want the sessions to be private because of the fear of creating a poor public image. Which of the following dispute resolution methods is best suited for this situation?

A certain level of piracy is beneficial for some companies as it provides an unplanned product trial.

The ownership of intellectual property rights in United States, a common-law country, is established by registration rather than by prior use.

Laws governing _____ offer the most striking differences between common-law and code-law systems.

The exporter is responsible for selecting the _____ that leads to a description in the Commerce Control List (CCL) , which indicates the exportability status of the item.

_____ seeks "interpretation through the past decisions of higher courts which interpret the same statutes or apply established and customary principles of law to a similar set of facts."

Legal ownership in one country does not necessarily mean ownership in other countries.

The responsibility of determining if a license is required rests with the exporter.

Which of the following U.S. government agencies oversees antitrust enforcement in international commerce?

Civil or code law is derived from _____.

Which of the following is the most comprehensive multilateral agreement on intellectual property to date and covers a full range of rights that are embodied in current international agreements?

The question of jurisdiction of U.S. law over acts committed outside the territorial limits of the country has been settled by the courts through application of a long-established principle of international law called the:

Common law is based on an all-inclusive system of written rules of law.

Code law prohibits the receipt and payment of interest on loans.

Compare the differences between "prior use" and "registration" ownership of IP rights with an example.

Arbitration clauses require agreement wherein the concerned parties agree: