Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Chapter 10&11 Review
| Term | Definition |
|---|---|
| Act-Of-State Doctrine | Doctrine whereby every sovereign state is bound to respect the independence of every other sovereign state, and the courts of one country will not sit in judgment of another government's acts done within its own territory. |
| Agent | Person or firm who is authorized by the principal or by operation of law to make contracts with the third person on behalf of the principal. |
| Blocking Laws | Laws that prohibit the disclosure, copying, inspection, or removal of documents located in the enacting country in compliance with orders from foreign authorities. |
| Choice-Of-Law Clause | Clause in an agreement that specifies which law will govern should a dispute arise. |
| Comity | Principle of international and national law that the laws of all nations and states deserve the respect legitimately demanded by equal participants. |
| Dispute Settlement Body (DSB) | Means provided by the World Trade Organization for member nations to resolve trade disputes rather than engage in unilateral trade sanctions or trade war. |
| Distributor | Entity that takes title to goods and bears the financial and commercial risks for the subsequent sale of the goods. |
| Dumping | Selling goods in another country at less than fair value. |
| Effects Doctrine | Doctrine stating that U.S. courts will assume jurisdiction and will apply antitrust laws to conduct outside of the U.S. when the activity of business firms has a direct and substantial effect of U.S. commerece. |
| Export Sale | Direct sale to customers in a foreign country. |
| Foreign Trade Antitrust Improvements Act | The act that requires that the defendant's conduct have a "direct, substantial, and reasonably foreseeable effect" on domestic commerce. |
| Franchising | Granting of permission to use a trademark, trade name or copyright under specified conditions, a form of licensing. |
| Jurisdictional Rule of Reason | Rule that balances the vital interests, including laws and policies, of the United States with those of a foreign country. |
| Letter of Credit | Commercial device used to guarantee payment to a seller, primarily in an international business transaction. |
| Licensing | Transfer of technology rights to a product so that it may be produced by a different business organization in a foreign country in exchange for royalties and other payments as agreed. |
| Most-Favored-Nation Clause | Clause in treaties between countries whereby any privilege granted to one member is extended to all members of the treaty. |
| National Treatment | A WTO requirement in which a country may not discriminate between its own products and foreign products or services. |
| Principal | Person or firm who employs an agent; the person who, with respect to a surety, is primarily liable to the third person or creditor; property held in trust. |
| Secrecy Laws | Confidentiality laws applied to home-country banks. |
| Sovereign Compliance Doctrine | Doctrine that allows a defendant to raise as an affirmative defense to an antitrust action the fact that the defendants actions were compelled by a foreign state. |
| Sovereign Immunity Doctrine | A doctrine that states that a foreign sovereign generally cannot be sued without its consent. |
| Domestic Tariff | A government approved schedule of charges that may be made by a regulated business. |
| International Tariff | Tax imposed by a country on goods crossing its borders, without regard to whether the purpose is to raise revenue or to discourage the traffic in the taxed goods. |
Created by:
Jlh3339