Quiz 7 Flashcards
list 4 countries who are not members of CISG
- iran
- uk
- saudi arabia
- brazil
list 4 countries who are members of the CISG
- US
- canada
- mexico
- italy
list 4 ways the CISG differs from the UCC
- merchant - primary business for UCC, any business for CISG
- acceptance - CISG only when received, UCC received or sent the same way
- warranty - automatic for UCC, no warranty CISG
- statute of frauds - UCC has, CISG doesn’t
is vietnam a CISG country?
yes
is brazil a CISG country?
yes
if you are a USA ____ of goods, you want to opt ____ of the _____
buyer
in
UCC
two basic contract clauses in international law are choice of remedy, _____ and _____
choice of law
choice of location
the 1977 foreign corrupt practices act (FCPA) regulates the crime of international _____.
bribery
FCPA ____ enforced if the crime is ______ in the _____ country
isn’t
legal
international
(expropriation/nationalization) is a political risk of international business where your (business/property) is seized without paying you for it.
expropriation
property
the judicial brance of the united nations is ______ founded in 1946 and located in the Hague, Netherlands.
UN court of justice
The ____ was esablished in 1944 to encourage international trade and stable foreign exchange through its world bank
IMF
list and explain the 3 main ways to protect domestic industries
- subsidies
- tariffs
- quotas
in 1993 north american free trade agreement (NAFTA) was made by 3 countries of USA, _____ and ____
canada and mexico
list and briefly explain the 3 main ways to do business in a foreign country
- direct – in foreign country, best way
- import/export – can be tariffs etc., outside of country
- licensing – using technology in foreign country, can be dangerous