Questions from Business Law


Q: There are many U.S. government programs to aid American

There are many U.S. government programs to aid American firms in boosting exports. The International Trade Administration and its U.S. Commercial Service, as well as the Small Business Administration...

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Q: The defendant bank issued an irrevocable letter of credit on behalf of

The defendant bank issued an irrevocable letter of credit on behalf of its customer, Adastra Knitting Mills. It promised to honor sixty-day time drafts of Courtaulds for up to $135,000 covering shipme...

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Q: The plaintiff contracted to purchase hog bristles from Transea Traders in India

The plaintiff contracted to purchase hog bristles from Transea Traders in India. The defendant bank issued an irrevocable letter of credit to Transea covering a shipment of hog bristles and payable up...

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Q: In 1988, Semetex entered into an agreement with the Al-

In 1988, Semetex entered into an agreement with the Al-Mansour Factory in Baghdad, Iraq, an enterprise owned and operated by the government of Iraq, in which Semetex agreed to provide Al-Mansour with...

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Q: Westinghouse contracted with Panalpina, a freight forwarder, to arrange for

Westinghouse contracted with Panalpina, a freight forwarder, to arrange for the transportation of an electric transformer from Italy to Iowa. Panalpina stated to Westinghouse, “[R]est assured your shi...

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Q: In the early 1950s, the United States was at war in

In the early 1950s, the United States was at war in Korea as part of a United Nations “police action.” American steelworkers were threatening to strike over wages and collective bargaining disagreemen...

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Q: This action was brought by a U.S. senator against

This action was brought by a U.S. senator against the president to enjoin him from returning the Hungarian coronation regalia to the People’s Republic of Hungary. The Holy Crown of St. Stephen had bee...

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Q: Star-Kist Foods, a U.S. producer of

Star-Kist Foods, a U.S. producer of canned tuna, instituted a lawsuit to protest the assessment of duties made by the collector of customs on imported canned tuna. Duty was assessed on the canned tuna...

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Q: During a time of political controversy in the United States over immigration

During a time of political controversy in the United States over immigration policy and enforcement, the State of Arizona enacted a statute to deal with the large number of unlawful aliens in the stat...

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Q: Since 1963, the European Economic Community (EEC) had negotiated

Since 1963, the European Economic Community (EEC) had negotiated tariff rates with the developing countries that export bananas, and these concessions were bound in the tariff schedules at 20 percent...

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