Question

Legal Forces Legal forces are important external forces that international managers need to understand. They are developed at the national level, so international ventures should take care to build relationships with local-level lawyers.
Identify each of the legal characteristics by matching to the correct characteristic.

a. U.S. Product Liability Law
b. EU Competition Law
c. US and EU
d. U.S. Tort Law
e. U.S. Competition Law
f. France

1. per se application
2. misuse of activity
3. extraterritoriality
4. trade obstacle, nontariff
5. strict liability
6. punitive damages

Answer 1

Answer:

1. per se application

U.S. Competition Law

This law checks whether certain parts of a contract or agreement have violated US antitrust laws.

2. Misuse of activity

EU Competition Law

This is part of the European Union's competition law that prohibits the use of activity to try to gain unfair advantges.

3. Extraterritoriality

US and EU

This is a provision in both US and EU anti-competition and anti-trust laws that states that the activities of foreign companies fall under the law if these activities influence the people within the jurisdiction of the US or the EU.

4. Trade obstacle, nontariff

France

These are a part of the French system.

5. Strict liability

U.S. Tort Law

A concept in US Tort law that states that a person is liable for an offence they committed and their state of mind or intent when they committed said offence is irrelevant.

6. Punitive damages

U.S. Product Liability Law

A concept in the US that allows for the extra punishment of the party in the wrong to dissuade others from doing so and to reward the party in the right more justly.