Determine the value of Kc for the following reaction if the…

Questions

Determine the vаlue оf Kc fоr the fоllowing reаction if the equilibrium concentrаtions are as follows: [N2]eq = 3.6 M, [O2]eq = 4.1 M, [N2O]eq = 3.3 × 10-18 M. Must show your work on scratch paper to receive credit.             2 N2(g) + O2(g)  ⇌  2 N2O(g)

ESSAY QUESTION NO. 2   (50 percent оf the bаsic cоurse grаde.  Recоmmended time:  90 minutes.)           You аre the new general counsel for Wind Power Systems, Inc. (WPS), a company based in Oklahoma City.  WPS has developed superior technology for the power generating units that large windmills use to convert wind into electricity.  WPS has not had an in-house attorney before; the company relied exclusively on outside counsel to meet its needs for legal services.           On your desk are three matters that require your attention.  The first is a memo from the company's chief financial officer (CFO).  It alerts you to the fact that the most recent payment of licensing fees from the company's Argentine distributor was made in Argentine pesos instead of the US dollars required by the company's licensing agreement.  If the CFO converts the Argentine pesos into US dollars at the market rate of exchange, the payment falls short of the required licensing fee by 30 percent.            When the CFO contacted the distributor, she was told that the Argentine government had issued an emergency regulation prohibiting the payment of licensing fees to foreign companies in foreign currencies, announcing an official rate of exchange between the Argentine peso and the US dollar (as well as other foreign currencies), and requiring payments of licensing fees to foreign companies to be calculated at the new official exchange rate.  The new official exchange rate valued the Argentine peso substantially above its current market value.             You have looked at several newsfeeds on the Internet and learned that Argentina is suffering an acute shortage of foreign exchange and has instituted the emergency measure to conserve its foreign currency reserves.  Without the measure, the Argentine government would not have the foreign currency to pay the interest on its own bonds held by foreign investors, and a default on the bonds would precipitate a financial crisis in the country.           You have reviewed the relevant file and learned that WPS has exclusive distribution and licensing agreements with the Argentine distributor for the sale of WPS' wind power generators in Argentina under WPS trademarks.           Essay Question 2(a):  May WPS recover the shortfall in licensing fees from the Argentine government?           The second matter on your desk is a notice from the German federal government addressed to WPS' new German subsidiary.  The notice informs the subsidiary that the German government has opened an inquiry into certain payments by the subsidiary to a government official who approved an exception from German labor law for employee layoffs from the subsidiary.  Before WPS had acquired the subsidiary, it had been the exclusive distributor of WPS wind power generators to the German market.  It, too, had both a distribution agreement and a licensing agreement with WPS.  The notice announced the opening of an inquiry into both the payments to the government official and the employee layoffs.           Essay Question 2(b):  Should either WPS or its German subsidiary be concerned about a possible violation of the Foreign Corrupt Practices Act (FCPA) of the United States?           The third matter on your desk is a notice from the European Union competition law authorities.  The notice announces the opening of an investigation into (i) whether WPS' distribution and licensing agreements with its former German distributor violated Articles 101 and 102 of the Treaty on the Functioning of the European Union (TFEU), and (ii) whether WPS' subsequent acquisition of the former distributor violated Article 102 of the TFEU and Council Regulation (EC) No 139/2004.           WPS' distribution agreement with the German company included the following provisions:    The German company was prohibited from selling WPS products to buyers outside Germany, and its website was required to block online sales to shipping addresses or with billing addresses outside Germany; and furthermore, The German company was required to sell WPS products at no less than 90 percent of their price in the United States.           WPS' licensing agreement with the German company included the following provision:   If the German company adapts WPS' technology for its own line of products, it must transfer the patent rights to those adaptations to WPS free of charge.           WPS acquired its German distributor to better control WPS' own technology, including future inventions, and to acquire the German company's technology to create a comprehensive line of products in wind power generation.  Before the acquisition, the German company had the largest share of the German market for wind power generation, and the combined product line would be a formidable competitor in the EU single market.  WPS planned to terminate its exclusive distributorships in other EU member states as those agreements came up for renewal and to have its new German subsidiary handle the entire EU market.           Essay Question 2(c):  What is your analysis under EU competition law of (i) WPS' agreements with its former German distributor and (ii) of WPS' acquisition of its German distributor as its new German subsidiary?     END OF THE EXAMINATION  

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