A United States Firm Recently Won a Large Contract with a Company

question 40

True/False

A United States firm recently won a large contract with a company in Bangladesh by providing government officials and company officials with American cars and promises to provide monetary gifts in exchange for the business.Fortunately,U.S.Law,under the Foreign Corrupt Practices Act permits U.S.companies to operate in this manner.

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Definitions:

Promissory Note

A financial instrument containing a written promise by one party to pay another party a definite sum of money at a specified future date or on demand.

Illegal Transaction

A deal or exchange that violates state or federal laws and is therefore void and unenforceable.

Russia

A country extending over much of northern Eurasia, with a complex history, rich culture, and significant influence in global affairs.

Restrictive Endorsement

A limitation placed on the use of a check that specifies the conditions under which the check can be endorsed or cashed.