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If Payment on a Transaction Is to Be Made Immediately

question 21

Essay

If payment on a transaction is to be made immediately, the purchaser has no choice other than to buy foreign exchange on ________________________.


Definitions:

Duress

A condition where a person performs an act as a result of violence, threat, or other pressure against the person, impacting the validity of consent in a legal contract.

Undue Influence

Unfair manipulation or pressure exerted on a person, overriding their free will or judgment, often in legal or financial contexts.

Assertion

A confident and forceful statement of fact or belief, made without needing proof.

False

Untrue or not correct; not corresponding to truth or reality.

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