Lack of Knowledge of Foreign Customs Has Led Most Canadian

question 118

Short Answer

Lack of knowledge of foreign customs has led most Canadian companies doing business in Japan to select this form of international organization. What is it?
Strategic alliances
Licensing arrangements
Independent agents
Direct investments
Branch offices

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Definitions:

Priority Rule

A principle that establishes the order in which claims or legal rights are to be enforced or satisfied.

Secured Party

An individual or entity that has an interest, usually a collateral interest, in the personal property of a debtor.

Attach

In legal terms, to seize a person's property to satisfy a court-ordered debt, or the process of becoming legally enforceable or applicable.

Financing Statement

A document, usually a multicopy form, filed in a public office serving as constructive notice to the world that a creditor claims a security interest in collateral that belongs to a certain named debtor.