Certain High-Technology Components May Not Be Exported to Nations on the Export

question 11

True/False

Certain high-technology components may not be exported to nations on the Export Controls List. The export broker for a manufacturer of such components could be held liable for any loss to the manufacturer as a result of recording incorrect part numbers on government export approval applications which the manufacturer reviews and signs.

---

Definitions:

Subrogation

The legal right for insurers to pursue a third party that caused an insurance loss to the insured.

Guarantor

A person or entity that agrees to be responsible for another's debt or performance under a contract if the original party defaults.

Debtor's Obligation

A debtor's legal responsibility to repay a debt as agreed upon with the creditor.

Mechanic's Lien

A legal claim on a property's title to protect those who have provided work or materials that enhance the property's value.