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BLAW 3310 FINAL REVIEW QUESTIONS WITH 100% CORRECT ANSWERS..

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BLAW 3310 FINAL REVIEW QUESTIONS WITH 100% CORRECT ANSWERS

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Nutrition labeling and education act of 1990


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Requires the FDA to issue nutrition labels for hundreds of thousands of
products.




Overseas Private Investment Corporation (OPIC)


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Insures investors willing to invest in less-developed countries friendly to
the U.S. Offers investors insurance against expropriation, currency
inconvertibility, and damage from wars or revolution

,Exemption from registration


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Those placing large blocks of securities with institutional investors, most
often pension funds or insurance companies.annuities, financial institutions,
below $5.0M in funds solicited over 12 months, well-known seasoned
issuers




Example of countervailing measures


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Brazil was allowed to impose tariffs on imports that ordinarily wouldn't
subject to the tariffs. Brazil said it might not impose the tariff if the U.S.
changed its subsidy policy. U.S. agreed to pay $150 million a year to a
"cotton fund" for Brazilian cotton growers to reform domestic cotton
subsidies in the future.




Treaties as source of international/transnational law


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General Agreement on Tariffs and Trade: Created the World Trade
Organization.




Corruption case: South Africa

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President Jacob Zuma has recently been accused of improperly using
taxpayer money for "security upgrades" to his personal residence. Reinstate
783 charges against him which include pocketing kickbacks associated with
arms deals.




Exemptions from registration


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Government bonds are exempt from the securities laws. Only the initial sale
of the securities is exempt from registration; the securities are not exempt
from other parts of the securities laws.




Corruption case: Brazil


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1. Brazil: Car Wash Corruption scandal. A top Petrobras official admitted
that the company was awarding contracts in exchange for bribes. Brazil is a
country with a genuinely independent and empowered investigator
capable of putting the country's most powerful under a public microscope.
Anti-corruption drives can create political chaos in the short-term, but they
can benefit the country in the long-term if sunlight is used properly as a
disinfectant.




Clean air act


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, Establishes federal authority to control air pollution. Although proper to
1970 many states has passed air pollution regulations, the Nixon
Administration and Congress wanted to do more. Requires EPA to set
pollution standards and, through forced cooperation of the states, to
enforce standards across the country.




Prescription drugs


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Drugs that could used only with the permission of a physician




Hart Scott-Rodino


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Requires the firms to notify the Antitrust Division of the Department of
Justice or the Federal Trade Commission at least 1 month before the
planned merger, if the value of the transaction is more than $70 million.




Unfairness


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In a consumer protection law, a charge under section 5 of the federal trade
commission act that a business practice causes harm that consumers
cannot reasonably avoid.

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