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When an American Doctor Opens a Practice in Bermuda, His

question 74

True/False

When an American doctor opens a practice in Bermuda, his production there is part of U.S. GNP.


Definitions:

Discharged

Refers to the completion or termination of a legal obligation or debt.

Primary Liability

The direct responsibility to pay a debt or fulfill an obligation, without relying on another to first default.

Certified Check

A personal check for which the issuing bank guarantees payment by certifying that sufficient funds are available and set aside.

Liable

Legally responsible or obligated, often in the context of owing compensation for harm or damages caused.

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