An American Tourist Buys a Ticket to an Opera in Paris

question 40

Multiple Choice

An American tourist buys a ticket to an opera in Paris. The U.S. government classifies this transaction as:

• A) a goods' import of a French Opera.
• B) a service export.
• C) a service import.
• D) a goods' export.

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Definitions:

Seller's Offer

A proposal by a seller to sell goods or services under specified terms and conditions to a buyer.

Void Contract

A legal agreement that is invalid from the outset and has no legal effect due to circumstances of its formation.

Voidable Contract

A contract that may be annulled or considered void at the option of one of the parties due to certain defects or circumstances affecting the contract's validity.

Quantum Meruit

A legal principle that determines the amount to be paid for services when no contract exists or when contractual terms are ambiguous.