When a Judgment Is Obtained Against a Foreign Service Provider,which

question 39

Multiple Choice

When a judgment is obtained against a foreign service provider,which of the following statements is true?

• A) If the service provider has no assets in the foreign jurisdiction or if there is no treaty in place to allow for enforcement, enforcement continues to be a substantial threat.
• B) If the service provider has assets in the foreign jurisdiction or there are treaties in place to allow for enforcement, enforcement continues to be a substantial threat, but generally only if the conduct complained of is actionable in both jurisdictions.
• C) Since the service provider resides in a foreign jurisdiction, there is no threat of enforcement.
• D) Since the judgment is obtained in a different jurisdiction, the business or individual may be extradited to face criminal charges.
• E) If the service provider has assets in the foreign jurisdiction or there are treaties in place to allow for enforcement, enforcement continues to be a substantial threat, no matter if the conduct complained of is actionable in only one jurisdiction.

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Definitions:

Perfectly Competitive

Referring to a market structure where there are many buyers and sellers, all selling homogeneous products, with no barriers to entry or exit, leading to price determination by supply and demand forces alone.

Monopolistically Competitive

A marketplace setup in which various enterprises deal in goods that are alike but not identical, affording them some degree of control in the market.

Cost Curves

Graphical representations showing the relationship between the cost of producing goods or services and the quantity produced.

Optimal Scale

The size of a company or level of production that minimizes costs and maximizes efficiency and profit.