Under which of the following doctrines is it held that a foreign sovereign cannot be sued unless it engages in illegal commercial conduct?
A) act-of-state
B) sovereign compliance
C) Timberlane
D) sovereign immunity
D
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The term amicus curiae means:
A. small couriers or the briefs, originally used by foot messengers, which are used to communicate between lawyers and the courts. B. friend of the court and refers to briefs filed by third parties interested in the outcome of a certain appeal. C. friendly cure or the amicable resolution to a mediated dispute. D. the name for the conductor of an arbitration, a position originally filled by medieval clergy.
Which of the following businesses can use the cash method? I.Hateris Group is a partnership with three equal partners, of which one is Hillard Corporation. Average revenues for Hateris Group, a financial planning firm, over the last three years are $4,000,000.II.Glidder Corporation, a clothing retailer, whose average annual sales over the last three years are $35,000,000?
A. Only statement I is correct. B. Only statement II is correct. C. Both statements are correct. D. Neither statement is correct.
Flaira, a high-end clothing brand in Florida, signs a licensing agreement with a firm in Honolulu to allow the latter to use Flaira's brand name, trademark, and business methods to operate the same clothing business in Honolulu. In exchange, the Honolulu firm has to pay the owner of Flaira an annual fee. This scenario is an example of a(n) _____.
A. conglomerate merger B. sole proprietorship C. franchise D. acquisition
You can buy a $50 savings bond today for $25 and redeem the bond in 10 years for its full face
value of $50. You could also put your money in a money-market account that pays 7% interest per year. Which option is better, assuming they are of equal risk? A) The money-market account is better because it requires a smaller investment. B) The money-market account is better because it pays more interest. C) The savings bond is better because it earns a higher interest rate. D) The money market and savings bond both earn 7% interest, so they are equal in value.