LLM Master of Laws MCQ 2

Question 1

Under the doctrine of forum non conveniens, a US court may dismiss a case when:

Accepted Answer

An alternative forum is substantially more convenient and adequate

Answer

Forum non conveniens allows dismissal when an adequate alternative forum exists and private/public interest factors strongly favor that forum.

Question 2

In international commercial arbitration, the principle of kompetenz-kompetenz means:

Accepted Answer

The arbitral tribunal has jurisdiction to rule on its own jurisdiction

Answer

Kompetenz-kompetenz (or compétence de la compétence) is the principle that an arbitral tribunal may rule on its own jurisdictional competence.

Question 3

The US Foreign Corrupt Practices Act (FCPA) primarily prohibits:

Accepted Answer

Bribery of foreign government officials to obtain or retain business

Answer

The FCPA prohibits US persons and companies from bribing foreign government officials to obtain or retain business advantages.

Question 4

Which doctrine holds that a parent corporation is generally NOT liable for the torts of its subsidiary?

Accepted Answer

Corporate separateness / limited liability

Answer

Corporate separateness (limited liability) shields parent companies from subsidiary liabilities unless grounds exist to pierce the corporate veil.

Question 5

In US tax law, a 'check-the-box' regulation allows eligible entities to:

Accepted Answer

Choose their federal tax classification as corporation or pass-through entity

Answer

Check-the-box regulations (Treas. Reg. §301.7701) let eligible entities elect their federal income tax classification.

LLM - Master of Laws Practice Test