Final answer:
International business law is true to involve both public and private law in the context of cross-border business transactions, governed by treaties, international agreements, and customary international law.
Step-by-step explanation:
International business law indeed draws from both public and private law as it relates to business transactions. This is true because international business law involves the application of legal principles to the activities and conduct of businesses operating across national borders. This field encompasses a wide range of legal areas, including treaty obligations, customary international law, trade law, and national regulations that impact international commerce. Treaties and other international agreements often form the backbone of international business law, setting forth rules and expectations for countries and their commercial entities to follow.