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An)_____ Is an Agreement That Transfers All Rights and Duties

question 22

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An) _____ is an agreement that transfers all rights and duties to a new party to the contract and releases the previous party from any further obligation arising from the original contract.


Definitions:

MIGA

The Multilateral Investment Guarantee Agency, part of the World Bank Group, that offers political risk insurance to companies investing in developing countries.

Dumping

The practice of a company selling a product in a foreign market at a price lower than its market cost or below the production cost, often to increase market share or drive out competition.

Multilateral Investment Guarantee Agency

An international financial institution that offers political risk insurance and credit enhancement to investors and lenders to encourage investment in developing countries.

World Bank

A global financial organization that offers loans and grants to less wealthy nations to help them undertake capital projects.

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