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1 THE STUDY OF INTERNATIONAL COMMERCIAL LAW

THE STUDY OF. 1 INTERNATIONAL . COMMERCIAL LAW. [B]y increasing the general mass of productions, [ INTERNATIONAL trade] diffuses general benefit, and binds together by one common tie of interest and intercourse, the universal society of nations throughout the civilized world. 1. David Ricardo Economist David Ricardo wrote those words almost 200 years ago, solidifying the argument for free INTERNATIONAL trade,2 and yet the concept is still as important and as controversial today as it was then, perhaps more INTERNATIONAL trade . describes the flow of resources across borders. 4 Thus it involves the exchange of goods, services, labor, or capital5 between entities from different nations. This chapter will present a helpful background to the STUDY of the law governing these transactions through discussion of (I.) the theory, the institutions, and the law of INTERNATIONAL trade. Ultimately, the chapter will focus specifically on one area of INTERNATIONAL trade law, the core of this text, the INTERNATIONAL sale of goods, highlighting (II.)

world, trading over 12 million tons of steel annually. China Metals is represented by a team including a Senior Vice ... and compromises when the goals of the parties to a transaction conflict. It is ... to walk away from a deal. As a word of caution, business lawyers should be

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  International, Study, Commercial, Conflicts, Trading, Away, The study of international commercial law

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