Understanding Business and Personal LawChapter 29: Operating a CorporationA Global PerspectiveArgentina Argentina, or as it is officially known, the Argentine Republic, is located in southern South America bounded on the north by Bolivia and Paraguay; on the east by Brazil, Uruguay, and the Atlantic Ocean; on the south by the Atlantic Ocean and Chile; and on the west by Chile. Argentina claims the Falkland Islands and other sparsely settled southern Atlantic islands as well as part of Antarctica. The United States does not recognize Argentina’s claim to Antarctica. Argentina is slightly less than three-tenths the size of the United States. Ninety-six percent of the population is literate. The government of Argentina is a republic. The president is both the chief of state and the head of government. The National Congress consists of the Senate and the Chamber of Deputies. The Senate has 72 members who are elected to six-year terms. The Camber of Deputies has 257 members who are elected to four-year terms. The legal system is a mixture of the United States and West European legal systems. Argentina’s Supreme Court has nine Supreme Court judges who are appointed by the president with approval by the Senate. |  |
