The Foreign Sovereign Immunities Act (FSIA) provides that American courts generally cannot hear suits against foreign governments. Describe the three possible exceptions to this rule
The three possible exceptions to the Foreign Sovereign Immunities Act deal with waivers, commercial activity, and violation of international law.
First, a lawsuit is permitted against a foreign country that waives its immunity, that is voluntarily gives up this protection. Secondly, a plaintiff in the United States can sue a foreign country engaged in commercial, but not political activity. Lastly, a plaintiff in the United States may sue a foreign government that has confiscated property in violation of international law, provided that the property either ends up in the United States or is involved in commercial activity that affects someone in the United States.
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Indicate whether the statement is true or false
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a. Asset revaluation reserve b. Net income c. Foreign currency translation adjustment d. Minimum pension liability adjustment e. All of these are components of comprehensive income.
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