You would like to get your company's product into North Korea to sell to its residents. Before you can do that, however, you need the approval of North Korean customs officials. You have learned...

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You would like to get your company's product into North Korea to sell to its residents. Before you can do that, however, you need the approval of North Korean customs officials. You have learned through the grapevine that North Korean customs officials expect a direct payment from you to them to get approval. This would be an illegal bribe if it were made to a U.S. customs official, but suppose such a transaction is commonplace in North Korea.

  1. Do you make the payment?
  2. If your boss says to pay the money, should you do it?
  3. What potential legal problems are presented by these payments?

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Answered 1 days AfterApr 03, 2022

Solution

Ananya answered on Apr 05 2022
14 Votes
Running Head: BUSINESS LAW                                1
BUSINESS LAW                                        2
BUSINESS LAW
Table of Contents
Question 1    3
Question 2    3
Question 3    3
References    4
Question 1
No, I will not make the payment as according to the U.S Foreign Co
upt Practices Act, receiving or giving
ibes directly to formal officials are prohibited. According to Bahoo, Alon and Paltrinieri (2020), this act was enforced in 1998 and if prohibited, it can cause imprisonment and imposition of fines. The North Korean custom officials may not have rule or regulations against such
ibery practices but the U.S officials have it and if prohibited, then it may cause a harm to the company according to its...
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