Two Japanese Firms-Mikato,Ltd

question 3

Multiple Choice

Two Japanese firms-Mikato,Ltd. ,and Shuzushi,Ltd.-enter into a joint venture in an attempt to in?crease their market share of the U.S.auto market.A U.S.court could ex?ercise jurisdiction over the firms

• A)if the joint venture has a substantial effect on U.S.commerce.
• B)if the joint venture has any effect on U.S.commerce.
• C)if the joint venture was entered into in the United States.
• D)under no circumstances.

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Definitions:

Statute of Frauds

A legal principle requiring certain types of contracts to be in writing and signed by the party to be charged, to be enforceable.

Oral Agreement

A verbal commitment between parties that is not recorded in written form but may still be legally binding.

Collateral

Assets pledged by a borrower to secure a loan or other credit, and subject to seizure on default.

Original

In legal and official documents, "original" refers to the first form or version of a document that has not been copied, altered, or replicated.