The Foreign Sovereign Immunities Act ?(FSIA) provides that American courts generally cannot hear suits against foreign governments. Describe the two possible exceptions to this rule
The two possible exceptions to the Foreign Sovereign Immunities Act deal with ?waivers and commercial activity. First, a lawsuit is permitted against a foreign country that voluntarily agrees to give up immunity. Secondly, a plaintiff in the United States can sue a foreign country engaged in commercial, but not political activity. An activity is commercial if a business could engage in it. If, however, the foreign government is doing something that only a government has the power to do, it is a state activity, and the country is immune from related litigation.
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A gain or loss that qualifies for extraordinary treatment on the income statement must have which of the following qualities? I. Unusual in Nature II. Discontinued Segment III. Infrequent in Occurrence IV. Nonoperating in Nature V. Never Occurred
a. I and V b. III and IV c. I and III d. I, II, and III
If a preliminary report concludes that the business situation warrants investment in a new IS, a more comprehensive _____ might be authorized.
Fill in the blank(s) with the appropriate word(s).
Under the gross-price method, the difference between the original amount due and the cash paid is credited to Purchases Discount
Indicate whether the statement is true or false
Malia and her coworkers are putting together a presentation for a quarterly meeting. In their second meeting together, everyone begins thinking seriously about how best to approach the presentation. In what stage of group development is Malia’s group?
a. forming b. storming c. norming d. performing