Term Papers on International Business Transactions from Term Papers Lab.
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Comity
Comity
Recognition which one action extends w/in its own territory to the legislative, exec, or judicial acts of another. It's not a rule of law, but one of practice, convenience, and expediency. More than courtesy, less than obligation
Show due regard for another state's expression of understanding for international duty
BUT it's limited. Comity will be withheld when it would be prejudicial to an interest of the U.S. (e.g. if it would violated 1st amendment)
Equity principle (Criticized for being a conclusion not a principle)
Somporex- Ct recognized UK judgment por comity
Reasons for Comity
Reciprocity, justice, reasonable expectation of the businesses, stability, efficiency, inconsistent judgments
Choice of Law
Steps to take in a conflict (is this order right?)
1. Is there a conflict between the choices of law? Is there an actual conflict?
o Look at the two laws to see if they conflict
2. Choice of law rule
o use the......
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Title: International Business Transactions
Approximate Word Count: 7714
Approximate Pages: 31 (250 words per double-spaced page)
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