International Business Law

Boston University METROPOLITAN COLLEGEINTERNATIONAL BUSINESS LAWFINAL EXAMProf Martin L . SaradjianCERTIFICATIONI HEREBY dive for THAT I HAVE COMPLETED MY OWN WORK ON THIS TAKE-HOME FINAL EXAM , KNOWING THAT IF ANY beard darnel TAKES PLACE I COULD FAIL THE COURSEStudent s NameStudent s illDUE DATE : whitethorn 10 ,2007Boston UniversityMetropolitan CollegeMG721 NameIDFINAL EXAMProfessor Martin L . SaradjianMay 10 ,2007PART IIdentify the significance of the following concepts p 1 ) Force Majeure : It refers to any pillow slip that may lay off a party to break a contract . This diction is french for superior force or greater force It consists of a host of legal concepts that excuse process of contractual duties when that performance has engender impractical or impossible . It is a unwashed article in contracts which essent ially frees one or both(prenominal) parties from financial obligation or obligation when an extraordinary event or point beyond the control of the parties , such as war go down , riot , crime , born(p) disaster (e .g , flood , quake volcano , prevents one or both parties from fulfilling their obligations under the contract2 ) ban : This is any restriction specify on commerce by honor . An example is the U .S . wiliness embargo of Cuba , which has been in place since 1962 The embargo for funs trade with Cuba in a bid to sanction Fidel Castro s dictatorial regime3 ) tax : A tariff (or job ) is a tax levied on imports and , less often , on exports as they cross the b into other countries . For example , the unite States and 22 other countries subscribe the General Agreement on Tariffs and Trade (GATT ) in 1947 . GATT was designed to promote trade and cool off trade disputes among the industrial and agricultural nations of the world and remove protectionism4 ) Lex Mercato ria : Lex Mercatoria governed the minutes o! f traveling merchants in the Middle Ages .

In the late 11th and twelfth centuries , the radical concepts and institutions of modern Western mercantile police force - lex mercatoria the honor merchant ) - were formed . It was then that mercantile law in the West first came to be viewed as an integrate , developing system , a body of law . nowadays , lex mercatoria is a set of rules of conduct for b-crossing transactions developed by the supranational business community themselves and applied by arbitrators in issue of trade disputes5 ) C .I .S .G : This refers to the United Nations Convention on Contracts for the transnational Sale of Goods . It applies to external commercial sales of goods . at stick , CISG has been adopted by 35 countries and does not generally obligate to services contracts , consumer sales auction sales , sales of movable instruments or securities , or the sale of ships , vessels , or aircraft . CISG provides important benefits to traders negotiating international sales contracts by helping parties of different countries to avoid difficulties in negotiating which country s law will govern . It provides for internationally consistent rules that the contracting parties , courts , and arbitrators may rely in their business dealings6 ) attract of Credit : A...If you want to get a full essay, croak it on our website: BestEssayCheap.com

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