Title: Describe the implications of conducting business in countries with different legal systems.
Course: Opportunities in Global Trade (12056-I) > Section: Examining Global Trade Challenges

Description should include

- definition of common law, civil law, and statutory law
- illustrations of each system
- explanation of how the various systems may affect global business transactions
- the importance of legal powers, including
  - treaties and trade agreements
  - international law
  - home country law
  - host country law.

Process/Skill Questions:

- How do common, civil, and statutory law differ? How does each affect global business?
- How are treaties and other international agreements affected by the home and host countries’ legal systems?
- How do trade barriers put into effect by the government or other legal entity affect the ability to trade with other countries?