Kenya issues bonds to finance the construction of an international airport. Kenya sells some of the bonds
Question:
Kenya issues bonds to finance the construction of an international airport. Kenya sells some of the bonds in the United States to Larry. A terrorist group destroys the airport, and Kenya refuses to pay the interest or principal on the bonds. Larry files a suit in a U.S. court. The court will hear the suit
a. if Kenya’s acts constitute a confiscation.
b. if Kenya’s acts constitute an expropriation.
c. if Kenya’s selling bonds is a “commercial activity.”
d. under no circumstances.
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The court will likely hear the suit if c Kenyas sellin...View the full answer
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Related Book For 
Business Law Text And Exercises
ISBN: 9780357717417
10th Edition
Authors: Roger LeRoy Miller, William E. Hollowell
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