Problem 1) 'Over the past decade, competition between the U.S. and the EU has become more intense. The Department of Justice and the Federal Trade Commission worked closely with their counterparts in the EU to investigate Microsoft until a dispute created a huge rift between the U.S. and EU over Boeing's acquisition of McDonnell Douglas'
What role does the US Executive branch have in this area, if any? Provide a recent example. If you were President, would you have done the same? Why or why not?
Problem 2) 'According to the Carriage of Goods by Sea Act or COGSA Ressorp, Inc. made the arrangements to ship the goods via Oceanic Carrier as the owner of the cargo, Ressorp or its insurer would also be the holder of the bill of lading.'
What are the different shipping options that are allowed under COGSA? If it was your company, which would be more beneficial to you? Why? Why or when might it be more beneficial to use the other options?
Problem 3) 'Now, my question is, to the carrier Oceanic would make any difference who was the plaintiff in this case? Their responsibility was to deliver the goods safe and sound. The terms of payment agreed between Ressorp and Reardon has nothing to do with the terms of shipment. For that reason, even though both parts agreed that the merchandise would not be paid until Reardon both received and sold the merchandise in the United States, the shipment terms in this case was to protect the seller.'
Actually, it does matter who the plaintiff is this case. Do you agree or disagree with the statement above? Why or why not? Why would it matter who the plaintiff was?
Problem 4) 'I could never sell to a foreign company without a letter of credit'
However, aren't there other options where a letter of credit might not be necessary? In what situations would that be and would you do the transaction without it? Why or why not?