Identify and State the Historical Significance of the Following

question 14

Short Answer

Identify and state the historical significance of the following:
-Louis XIV

Understand the influence of cultural differences on international business contracts and dispute resolution.

Recognize misleading advertising and consumer protection laws in international trade.

Identify the tax obligations of online businesses with physical presence or economic nexus in different states.

Comprehend the validity and enforceability of electronic communications in international trade according to international conventions.

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Definitions:

Legacy

Assets or money passed on to heirs in a will, or a system/software inherited from the past.

Uniform Probate Code

A set of laws intended to simplify the process of transferring assets upon death, and to standardize and modernize probate law across states.

Probate Laws

The body of law that governs the process through which a deceased person’s estate is properly distributed to heirs and designated beneficiaries, and any debt owed to creditors is paid off.