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

Description should include a definition of common law, civil law, and statutory law, with illustrations of each system and an explanation of how the various systems may affect global business transactions. Description should also address the importance of legal powers including treaties and trade agreements, international law, home country law, and 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/host country’s legal system?
- How do trade barriers put into effect by the government or other legal entity affect the ability to trade with other countries?