In August 1982, Which of the Following Countries Declared That

question 45

Multiple Choice

In August 1982, which of the following countries declared that it was unable to service its foreign debt and thereby triggered a long-lasting crisis in international lending?

• A)The United Kingdom
• B)The United States
• C)Thailand
• D)Mexico

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Definitions:

Generally Enforceable

Describes a legal agreement or contract that is valid and capable of being executed or acted upon under the law.

Subletting

The act of renting out a leased property by the original tenant to a third party for a subset of the lease period.

Assign the Lease

The process of transferring all or part of the rights and obligations of an existing lease from the original tenant to another party.

Voidable

Legally valid until annulled; a contract or agreement that can be legally declared invalid.