Recall Application 3, "Are They Really Dumping?" to Answer the Following

question 213

Multiple Choice

Recall Application 3, "Are They Really Dumping?" to answer the following questions:
-Based on what you learned from the application, can a firm who exports to the U.S. be charged with dumping even though the price they sell at home is lower?

• A) No.
• B) Yes, because the "constructed value" estimated by the department of Commerce can overstate the price that the firm charges at home.
• C) Yes, because the firm that brings forward the charges can supply overstated figures data to the Department of Commerce.
• D) B and C are correct.

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Definitions:

Guarantee

A written commitment whereby a guarantor agrees to pay a debt if the debtor does not.

Indemnity

A contractual obligation of one party to compensate for the loss or damage incurred by another party.

Personal Property Security Act

Legislation governing security interests in personal property, allowing creditors to register interests in a debtor's personal property as security for a debt.

Conditional Seller

A party that retains ownership of sold items until specific conditions, often related to payment, are fully met by the buyer.