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​When It Is Said That Trade Between Nations Can Make

question 140

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​When it is said that trade between nations can make both sides of the trade better off, this means that all citizens in each nation will benefit.


Definitions:

Oral Promise

A commitment made verbally by one party to another without written documentation.

Remedy

A means of legal reparation, which can include monetary compensation, restorative justice, or specific performance in order to resolve a breach of the law.

Breached a Contract

The failure to perform any term of a contract, written or verbal, without a legitimate legal excuse, which may result in legal action against the party in breach.

Implied Warranties

Warranties not explicitly stated but presumed by law to provide certain assurances regarding the quality or functionality of a product.

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