Once a Foreign Judgment Has Been Obtained,which of the Following

question 78

Multiple Choice

Once a foreign judgment has been obtained,which of the following statements is correct?

• A)Courts are reluctant to enforce arbitration awards.
• B)Foreign courts will not enforce a judgment even if a judicial competence enforcement agreement is in place.
• C)Foreign courts will enforce a judgment if a reciprocal enforcement agreement is in place.
• D)Foreign courts will always enforce a judgment based on legal principles they do not recognize.
• E)Awards of internationally recognized arbitrators cannot be enforced by filing with a local court.

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Definitions:

Imported Oil

Oil that is brought into a country from abroad for use in domestic markets, often subject to tariffs and trade agreements.

Queuing

The process of people or items lining up in a sequence to await their turn for service or processing.

Nonprice Rationing

The allocation of goods among buyers using criteria other than the price, often seen in situations of shortage like during wartime or in the case of rationed healthcare.

World Price

The international market price for a given good, influenced by global supply and demand factors.