International Business Law Essay - 3061 Words

------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- INTERNATIONAL BUSINESS LAW ------------------------------------------------- BUSA 391 – SUMMER 2010 Prepared For: Professor Leslie Beck By: Gabriela Popescu ID: 260224311 June 17, 2010. Six months ago, Antiques R Us (a Canadian corporation) entered into a contract with Yankee Antiques (an American company) to purchase â€Å"a desk used by George Washington himself after his retirement from the Presidency†. The sum of $500,000 was to be paid to Yankee Antiques after 30 days of†¦show more content†¦For each separate scenario identified, a suitable course of action has been constructed that best encompasses the strategy stated above. Preliminary Step The authenticity of the desk is the first issue that needs to be resolved: the validity of the contract is contingent upon this sole factor and any following measures to resell the desk cannot be made without proof of authenticity. However, before any tests can be conducted, Antiques R Us must, in good faith, fully disclose the situation and their thoughts on the matter to Yankee Antiques. In trying to maintain good relations with the valued supplier, a letter should be made in writing to Yankee Antiques outlining the doubts and concerns raised by the third party and ask them to provide proof of authenticity. This crucial preliminary step is justified by the following reasons: 1. Full disclosure acts as a letter of intent in this situation; it explains that Antiques R Us still has faith in Yankee Antiques, but that pursuant to the terms of our contract and the request of our client, we have no choice but to require proof of authenticity. In attempting to honour the contract, any del ay in performing our obligations will not be made in bad faith. 2. If the situation is brought to court, Antiques R Us has proof that an attempt was made to inform Yankee Antiques about the authenticity issue. 3. IfShow MoreRelatedInternational Business Law2579 Words   |  11 PagesWORD COUNT: 1981 TABLE OF CONTENT: Pg 1. Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Significance of trade and investment to world economic growth Overview of trade and investment law 2. Trends in Trade and Investment†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Volume of trade and investment in the last 5yrs in terms of growth Contribution to global economy FDI and Developing nations 3. Effects of Trade liberalization†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Discuss trade liberalization and legal principles DiscussRead MoreInternational Business Law Essay920 Words   |  4 Pages1. State X has accepted the jurisdiction of the International Court of Justice(ICJ) in a unilateral declaration pursuant to Article 36(2) of the ICJ’s Statute. The declaration, however, contains the following provision: â€Å"This declaration shall not apply to disputes with regard to matters which are essentially within the domestic jurisdiction of State X as determined by State X.†(a) Is this provision valid?(b) In a suit between State X and State Y, may State Y invoke this provision as to matters itRead MoreInternational Business And Internet Law Essay2173 Words   |  9 Pages Flora Schulte Nordholt Sassi Nida Bhagat International Business and Internet Law Duo assignments (2000 words) Assignment 3 -Thomas van Essen - Dutch Supermarket moves cross-border In this paper we would like to advise the Dutch supermarket chain on their plans of expanding their services globally. The supermarket chain wants to do this by means of an online platform service from which customers can order their groceries. 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