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Questions and Answers
What is the primary purpose of International Private Law?
Which of the following best describes a source of International Law?
In Common Law, what principle requires courts to follow previous court decisions?
Which statement accurately describes Civil Law systems?
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How does the stability of the legal environment influence business decision-making?
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What are the primary relationships regulated by International Law?
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Which historical legal framework had a significant influence on today's modern laws?
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Which statement is NOT true about Civil Law?
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What is a key characteristic of Common Law systems?
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In what way are laws reflective of society's values and beliefs?
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Why might the law be considered 'behind the times' in certain contexts?
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Which aspect is a core function of International Private Law?
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What key question should international businesspersons consider regarding local legal environments?
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What is one notable aspect of how laws influence international business?
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Which of the following legal influences was most pivotal during the early development of Western legal systems?
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How do different laws impact a single business decision?
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What is one key reason why the law is important in business dealings?
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How can understanding legal principles benefit business professionals?
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Which of the following is NOT a course objective mentioned for international business law?
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What does the phrase 'stability and predictability' refer to in the context of law?
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Which question reflects a common concern regarding legal issues in business?
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What does it mean to have a 'legal edge' in the business environment?
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Why is it essential to know how to ask the right questions in a legal context?
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What should a student do if they are feeling unwell and do not wish to participate in class?
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Study Notes
Classroom Rules
- Students should be able to unmute their microphones when called on during online classes.
- Students are encouraged to turn on their cameras when speaking during online classes.
- Students should have their textbook ready for reference during class sessions.
- Students are welcome to ask questions during class discussions.
- Students may email Professor Gardner with questions before class.
- Professor Gardner's email address is [email protected].
- If a student does not want to be called on, they should inform Professor Gardner before class.
- Students can speak to Professor Gardner in person or email her if they have anything they would like to discuss.
Course Objectives
- The course aims to help students develop a "legal edge" in international business by:
- Sensitizing them to legal issues.
- Making them aware of legal perspectives.
- Helping them understand how to use the law to create value and a competitive advantage.
- Informing them about possible legal conflicts.
- Helping them understand how to avoid legal problems.
- Teaching them when to seek legal help.
- Helping them improve their working relationship with lawyers.
- The course aims to teach students how to ask the right questions.
What is The Law?
- The law regulates conduct in society.
- The law provides stability and predictability by helping determine what is right and wrong.
- The law provides legal certainty in business dealings.
- Fortunes are made and lost based on legal business questions.
International Private Law
- This set of rules regulates relationships between people and/or entities of different countries.
- It determines which legal system will apply to a legal dispute among individuals involving a foreign element.
- Also known as "Conflict of Laws".
International Law
- Regulates three primary relationships:
- The relationship between two nations.
- The relationship between a nation and an individual.
- The relationship between people and/or entities from different countries.
- It is derived from:
- International conventions and treaties.
- Customs/general practice.
- Widely accepted general principles of law.
- Other sources used in national law such as judicial decisions and scholarly writings.
Civil vs. Common Law
- Civil Law is the oldest and most influential legal system.
- Civil Law uses a codified Roman-Germanic system based on Roman Code.
- Legal rules are set out in one comprehensive and systemized code and accompanying statutes.
- Common Law is based on the Anglo-Saxon tradition.
- Common Law is based on court decisions rather than formal codes. The law is developed and pronounced by courts.
- The "stare decisis" doctrine requires courts to follow their own precedents.
Case Study
- Acme Garment Manufacturing Company intends to expand operations overseas.
- The company will be producing women's leisure wear clothing.
- The company plans to build a factory overseas and hire 500 local workers.
- The company has two preferred countries in mind.
- The company plans to present these two options to the Board of Directors for final approval.
- The company must decide which country is best for the factory location based on legal and business factors.
- The legal environment of the chosen country will affect business decision-making.
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Description
This quiz focuses on the classroom rules and objectives for the International Business Law course. It highlights the importance of participation, communication with the professor, and understanding legal perspectives in business. Prepare to demonstrate your knowledge of these guidelines and concepts.