A Company Stands a Better Chance of Having an International

question 58

Multiple Choice

A company stands a better chance of having an international arbitration decision upheld if its home-country government has signed:

• A)the Paris Convention.
• B)the Prague Convention.
• C)the New York Convention.
• D)the Vienna Convention.
• E)the Geneva Convention.

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Definitions:

Credit

A financial agreement where a borrower receives something of value now and agrees to repay the lender at a future date.

Liability Account

An accounting record representing money or value owed by the company to others.

Decrease

A reduction in size, number, or amount.

Debit

A bookkeeping record that leads to an uptick in a firm's assets or a reduction in its liabilities on the balance sheet.