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International Business Law and Human Rights Quiz

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International Business Law and Human Rights Quiz

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Questions and Answers

Which law applies to the management of Y AB after they move from Stockholm to Berlin?

Swedish law, if the courts apply the founding seat principle

Swedish law, as the founders originally chose Swedish law

German law, as the management chose to apply German law

German law, if the courts apply the founding seat principle (correct)

Which statement about customary human rights is correct?

They are laid down in international covenants passed by the UN

They are binding only on UN member states (correct)

They are binding on all states

They are binding only on states that have ratified them

Is a member state allowed to impose higher import duties to make a product from another member state more expensive in the domestic market?

No, governments cannot act against cheaper imported goods

Yes, to defend domestic industries against cheaper imports

No, the WTO ensures free markets with competing prices

Yes, if the other member exports the product at a lower price than its domestic market (correct)

What principle determines the applicable law when a company relocates its management?

The country applied by the courts based on incorporation principles Signup and view all the answers

Why might a government impose higher duties on imports?

To protect domestic industries from cheaper foreign competition Signup and view all the answers

What kind of human rights are binding on all states?

Customary rights established by state practice over time Signup and view all the answers