A Multilateral Contract Stipulates the Maximum Price at Which Importing

question 117

True/False

A multilateral contract stipulates the maximum price at which importing nations will purchase guaranteed quantities from producing nations and the minimum price at which producing nations will sell guaranteed amounts to importing nations.

---

Definitions:

Direct Cause

An immediate factor or event that directly leads to an outcome or effect.

Respondeat Superior

A legal doctrine holding that an employer is responsible for the actions of employees performed within the course of their employment.

Subpoena Duces Tecum

Latin; a legal document that requires the recipient to bring certain written records to court to be used as evidence in a lawsuit.

Malfeasance

The performance of an act that is unlawful or wrongful by a public official or other person in power.