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Historical connections exist between many European powers and markets such as Hong Kong, India, and Africa. Briefly discuss these historic relationships. How do past relationships impact international business in these markets today?
Declaration
A formal or explicit statement or announcement.
Consideration
Generally, the value given in return for a promise or a performance. The consideration, which must be present to make the contract legally binding, must be something of legally sufficient value and must be bargained for.
Objective Theory
A principle that states the intention of parties in a contract is determined by their outward expressions and acts, rather than by their subjective intentions.
Subjective Fact
A statement or idea based on personal opinions, interpretations, points of view, or emotions rather than on objective evidence.
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