Salvatore Intended from the Start That His Small Pasta Firm

question 48

Multiple Choice

Salvatore intended from the start that his small pasta firm would sell its products in overseas market, some would say the business

• A) was intentionally internationally diverse.
• B) was sure to succeed.
• C) was "born global."
• D) had no choice but to move forward with plans for internationalization.

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Definitions:

Act for the Prevention of Frauds and Perjuries

Historical legislation requiring certain contracts to be in writing and signed to prevent fraudulent claims and perjury.

Main-Purpose Rule

A legal principle holding that if the main purpose of a guarantor's promise to pay another's debt is to serve the guarantor's own interests, the promise does not need to be in writing to be enforceable.

Secondary Obligation

An obligation that arises only after a primary obligation has not been fulfilled, often seen in guarantor or surety arrangements.

Statute of Frauds

A legal principle that requires certain contracts to be in writing and signed by the parties to be enforceable.