International Business Law

1. In no less than 225 words, provide an answer to the following. Alberta Alpha makes out a promissory note payable to Bob Bravura.  Bob endorses the note “without recourse, Bob Bravura,” and transfers it for value to Cathy Charles.  Cathy, in need of cash, negotiates the note to Dan Delta by endorsing it “pay to Dan Delta, Cathy Charles.”  On the due date, Dan presents the note to Alberta, only to find out that Alberta has filed for bankruptcy and that she will have all of her debts (including the note) discharged.  Can Dan hold Alberta, Bob and/or Cathy liable on the note? Explain your answer by using and comparing principals from the UCC, ULB and BEA.

2. Read the Article: International Tax Reform For Dummies - Forbes

In no less than 225 words, describe three of the described systems that are either currently used or proposed to ameliorate the burden of international double taxation. Indicate which of these is most advantageous to taxpayers and why this is so. Describe which of these systems is best in your view and why.

http://www.forbes.com/sites/anthonynitti/2013/11/20/international-tax-reform-for-dummies/