Comida De Chile S

question 49

Multiple Choice

Comida de Chile S.A., an export company in Chile, and Deli Source Inc., an import firm in the United States, enter into a contract. When Deli breaches the contract, Comida obtains an award of damages in a Chilean court. Comida then asks a U.S. court to enforce the award. The U.S. court defers to and enforces the Chilean court's decree. This is an application of

• A) none of the choices.
• B) the act of state doctrine.
• C) the doctrine of sovereign immunity.
• D) the principle of comity.

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Definitions:

Marginal Investor

An investor whose actions and choices at the margin are believed to determine the price of a stock.

Common Share

A type of equity security that represents ownership in a corporation and entitles the holder to vote at shareholders' meetings.

Voting Rights

The entitlement of shareholders to vote on corporate matters, typically in proportion to their share ownership.

Share Classes

Different types of stock in a company, each offering specific rights, dividends, or ownership values.