International Marketing Study Set 5
Business
Quiz 7 :
The International Legal Environment: Playing by the Rules
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The form of law found in the United States and England is classified as civil or code law.
Free
True False
Answer:
Answer:
False
Explanation: Common law is derived from English law and found in England, the United States, Canada, and other countries once under English influence.
The form of law found in Germany, France, and Japan is called civil or code law.
Free
True False
Answer:
Answer:
True
Explanation: Civil or code law is derived from Roman law and is found in Germany, Japan, France, and non-Islamic and non-Marxist countries.
Common law is based on an all-inclusive system of written rules of law.
Free
True False
Answer:
Answer:
False
Explanation: Code law is based on an all-inclusive system of written rules (codes) of law.
Steps are being taken in common-law countries to codify commercial law even though the primary basis of commercial law is common law, that is, precedents set by court decisions.
True False
Answer:
Islamic law defines a complete system that prescribes specific patterns of social and economic behavior for all individuals.
True False
Answer:
In Marxist-socialist societies, law is strictly subordinate to prevailing economic conditions.
True False
Answer:
When dealing with foreign countries, a marketer should refer to "international commercial law" for guidance.
True False
Answer:
Disputes relating to commercial transactions must be settled in courts and cannot be settled informally.
True False
Answer:
The statements made by the parties during conciliation may be used as evidence in the subsequent litigation.
True False
Answer:
If conciliation is not used to settle a difference in an international business dispute or an agreement cannot be reached, the next step is litigation.
True False
Answer:
The sole requirement of an arbitration clause is that the parties agree to abide by the awards resulting from the process of arbitration.
True False
Answer:
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.
True False
Answer:
A certain level of piracy is beneficial for some companies as it provides an unplanned product trial.
True False
Answer:
Legal ownership in one country does not necessarily mean ownership in other countries.
True False
Answer:
The ownership of intellectual property rights in United States, a common-law country, is established by registration rather than by prior use.
True False
Answer:
In many code-law countries, ownership of intellectual property rights is established by registration rather than by prior use.
True False
Answer:
The General Agreement on Tariffs and Trade is the most comprehensive multilateral agreement on intellectual property to date.
True False
Answer:
In the United States, a patent reverts to public domain if it is not produced within a specified period.
True False
Answer:
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