A ___________ Often Serves as the Basis for a Country's

question 30

Multiple Choice

A ___________ often serves as the basis for a country's official export statistics.

• A)shipper's export declaration
• B)shipper's bill of lading
• C)certificate of origin
• D)commercial invoice

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Definitions:

Statute of Frauds

A legal principle that requires certain types of contracts to be in writing and signed by the party to be charged, to prevent fraud and perjury in contractual agreements.

Oral

Referring to spoken words or agreements not recorded in writing, which may or may not be legally binding depending on the context.

Leading Object Rule

The Leading Object Rule is a legal principle that allows for oral modifications to a written contract if the modification serves a purpose primarily related to the object of the original contract.

Parol Evidence Rule

a legal principle that prevents the parties of a written contract from presenting extrinsic evidence of terms of the agreement that contradict, modify, or vary contractual terms.