Global Citizenship > EXAM > D080 Globalization WGU Unit 3, 5, 6 (All)

D080 Globalization WGU Unit 3, 5, 6

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WIPO an organization established by UN focused on developing a global IP infrastructure, building international respect for IP, and implementing global policy related to IP TRIPS WTO agreement that covers all intellectual property law common law & UCC two primary sources of law govern contracts in US UCC Article 2has rules governing the obligations of parties, specifically to the offer, acceptance, and performance of sales contracts and so on. unfair contract terms, and the other involves rules for merchants GDPR (General Data Protection Regulation) 2016 passed by EU any company, no matter where it is located, must follow the provisions must notify breach within 72 hours users are required to opt in to grant permission forward contract custom agreement between parties to pay a specific rate at the beginning of the contract for delivery at a future date futures contractthe exchange of a specific amount of currency at a specific future date and at a specific exchange rate - traded on the public exchanges Swap Contract 2-way agreements to trade currency on different dates or agreement to exchange currency with an agreement to reverse the transaction in the future. option contracts an agreement between a buyer and seller that gives the purchaser of the option the right to buy or sell a particular asset at a later date at an agreed upon price long position purchasing an asset & forecasting the value is going to increaseshort position looking for the value of an asset to go down fronting loan a loan between the parent and its subsidiary, channeled through a bank Kyoto Protocol 1997 resolution that calls for industrialized countries to reduce greenhouse gas emissions Paris Agreement 2015 global climate deal NEPA (National Environmental Policy Act)American environmental act from the 1970s requires federal agencies to prepare environmental impact statements for every recommendation or report EPA (Environmental Protection Agency) American agency established in the 1970s with the goal of monitoring the environmental practices of industry Deepwater Horizon Oil Spill/BP oil spill an industrial disaster in 2010, in the Gulf of Mexico largest oil spill in the history of the petroleum industry Oil Pollution Act of 1990 allows those seeking damages to contact the company responsible for the spill to request compensation and pursue civil lawsuitsClean Water Act U.S. federal law governing water pollution U.S. Foreign Corrupt Practices Act (FCPA) 1977 makes bribery illegal & grease payments

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