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Complete the Addressing International Legal and Ethical Issues simulation located on the student website.
Write a 350-word summary. In your paper, answer the following questions: What are the issues involved in resolving legal disputes in international transactions? What are some practical considerations of taking legal action against a foreign business partner based in another country? What factors could work against CadMex's decision to grant sublicensing agreements? When the local customs and laws conflict with the customs and laws of an organization operating abroad, which should prevail? Explain why. How would you compare the issues in this simulation to the domestic legal issues discussed in your Week One readings? How should companies resolve domestic and international issues differently?"
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The U.S. President Barack Obama said America can "win the future" by rebuilding its manufacturing sector (on June 8, 2011, after visiting an automotive training center at a community college in Virginia, outside Washington). Do you agree, and why?
'Consideration does not have to be adequate or commercially realistic, nor does it need to be expressed in monetary terms, it merely needs to be "sufficient".' Discuss the accuracy of this statement.
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