UNCG University of North Carolina at Greensboro MGT-330 Final
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Force Majeure Clause correct answers a clause in a contract in which the parties specify certain
events that will excuse nonperformance
act of state correct answers A doctrine that provides that the judicial branch of one country will
not examine the validity of public acts committed by a recognized foreign government within its
own territory.
Foreign Corrupt Practices Act correct answers U.S. law regulating behavior regarding the
conduct of international business in the taking of bribes and other unethical actions.
Foreign Sovereign Immunities Act correct answers a U.S. statute that provides that American
courts generally cannot entertain suits against foreign governments
OPIC correct answers Overseas Private Investment Corporation
sovereign immunity correct answers the principle that a sovereign government cannot be taken to
court unless it agrees to be sued
Expropriation correct answers implies legal process and just compensation for goods or property
taken for public use
comity correct answers courtesy; civility
A spirit of comity should exist among nations.
CISG correct answers United Nations Convention on Contracts for the International Sale of
Goods
, Forms of Business Organization correct answers sole proprietorship, partnership, corporation
limited partnership correct answers A partnership with one or more general partners and one or
more limited partners.
LLC correct answers A limited liability company (LLC) is a corporate structure whereby the
members of the company cannot be held personally liable for the company's debts or liabilities.
LLP correct answers Limited liability partnerships, are partnerships for legal and income tax
purposes, liable only for commercial debt and their own malpractice, not partners
Corporate Veil correct answers The personal liability shield; the corporate protection that entitles
shareholders, directors, and officers to limited liability; can be pierced for improper conduct of
business or fraud.
Corporate Opportunity Doctrine correct answers A business proposition or investment
opportunity that a corporation would have an interest in pursuing; precludes directors from
taking a profit opportunity when the corporation would have an interest.
Business Judgment Rule (BJR) correct answers rule that allows management immunity from
liability for corporate acts where there is a reasonable indication that the acts were made in good
faith with due care
deceptive advertising correct answers a representation, omission, act, or practice in an
advertisement that is likely to mislead consumers acting reasonably under the circumstances
FTC (Federal Trade Commission) correct answers . Protects consumers from misleading and
fraudulent advertising. Reviews advertising claims. Can order a company to change their ad
Exam || A+ Guaranteed.
Force Majeure Clause correct answers a clause in a contract in which the parties specify certain
events that will excuse nonperformance
act of state correct answers A doctrine that provides that the judicial branch of one country will
not examine the validity of public acts committed by a recognized foreign government within its
own territory.
Foreign Corrupt Practices Act correct answers U.S. law regulating behavior regarding the
conduct of international business in the taking of bribes and other unethical actions.
Foreign Sovereign Immunities Act correct answers a U.S. statute that provides that American
courts generally cannot entertain suits against foreign governments
OPIC correct answers Overseas Private Investment Corporation
sovereign immunity correct answers the principle that a sovereign government cannot be taken to
court unless it agrees to be sued
Expropriation correct answers implies legal process and just compensation for goods or property
taken for public use
comity correct answers courtesy; civility
A spirit of comity should exist among nations.
CISG correct answers United Nations Convention on Contracts for the International Sale of
Goods
, Forms of Business Organization correct answers sole proprietorship, partnership, corporation
limited partnership correct answers A partnership with one or more general partners and one or
more limited partners.
LLC correct answers A limited liability company (LLC) is a corporate structure whereby the
members of the company cannot be held personally liable for the company's debts or liabilities.
LLP correct answers Limited liability partnerships, are partnerships for legal and income tax
purposes, liable only for commercial debt and their own malpractice, not partners
Corporate Veil correct answers The personal liability shield; the corporate protection that entitles
shareholders, directors, and officers to limited liability; can be pierced for improper conduct of
business or fraud.
Corporate Opportunity Doctrine correct answers A business proposition or investment
opportunity that a corporation would have an interest in pursuing; precludes directors from
taking a profit opportunity when the corporation would have an interest.
Business Judgment Rule (BJR) correct answers rule that allows management immunity from
liability for corporate acts where there is a reasonable indication that the acts were made in good
faith with due care
deceptive advertising correct answers a representation, omission, act, or practice in an
advertisement that is likely to mislead consumers acting reasonably under the circumstances
FTC (Federal Trade Commission) correct answers . Protects consumers from misleading and
fraudulent advertising. Reviews advertising claims. Can order a company to change their ad
