As Part of Its Business, Casper Inc

question 46

Multiple Choice

As part of its business, Casper Inc., an Australian smartphone company, has opened its manufacturing plant in Sao Paulo, Brazil. In this scenario, Brazil is the _____.

• A) third country
• B) parent country
• C) host country
• D) home country

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Definitions:

Incidental Beneficiary

An individual or entity that may benefit from the execution of a contract despite not being a direct party to the agreement.

Donee Beneficiary

In contract law, a person who is not a party to the agreement but is intended by the contracting parties to benefit from its provisions.

Oil Refinery

An industrial processing plant where crude oil is transformed and refined into more useful products such as gasoline, diesel fuel, and jet fuel.

Detrimentally Relied

A legal principle where a party suffers a loss due to reliance on a promise or statement of another.