Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
20 Cards in this Set
- Front
- Back
A rule requiring American courts to abstain from cases if a court order would interfere with the ability of the President or Congress to conduct foreign policy.
|
Act of State doctrine
|
|
A receipt for goods, given by a carrier such as a ship, that minutely describes the merchandise being shipped. A negotiable bill of lading may be transferred to other parties and entitles any holder to collect the goods.
|
Bill of lading
|
|
The process by which the Customs Service decides what label to attach to imported merchandise, and therefore what level of tariff to impose.
|
Classification
|
|
A doctrine that requires a court to abstain from hearing a case out of respect for another court that also has jurisdiction. International comity demands that an American court refuse to hear a case in which a foreign court shares jurisdiction if there is a conflict between the laws and if it is more logical for the foreign court to take the case.
|
Comity
|
|
without adequate compensation of property owned by foreigners.
|
Confiscation Expropriation
|
|
Selling merchandise at one price in the domestic market and at a cheaper, unfair price in an international market.
|
Dumping
|
|
A tax imposed on imported items.
|
Duty
|
|
A government's seizure of property or companies owned by foreigners.
|
Expropriation
|
|
A federal statute that protects other nations from suit in courts of the United States, except under specified circumstances.
|
Foreign Sovereign Immunity Act
|
|
General Agreement on Tariffs and Trade.
|
GATT
|
|
Anything movable, except for money, securities, and certain legal rights.
|
Goods
|
|
To transport goods or services into a country.
|
Import
|
|
A commercial device used to guarantee payment in international trade, usually between parties that have not previously worked together.
|
Letter of credit
|
|
A corporation that is doing business in more than one country simultaneously.
|
Multinational enterprise
|
|
A government's seizure of property or companies.
|
Nationalization
|
|
A commercial association among Canada, the United States, and Mexico designed to eliminate almost all trade barriers.
|
North American Free Trade Agreement
|
|
A person, company, or nation that has signed a legal document, such as a contract, agreement, or treaty.
|
Signatory
|
|
The right of a national government to be free of lawsuits brought in foreign courts.
|
Sovereign immunity
|
|
A duty imposed on imported goods by the government of the importing nations.
|
Tariff
|
|
A process by which the Customs Service determines the fair value of goods being imported, for purposes of imposing a duty.
|
Valuation
|