When an Australian Exporter Sells Software to France and Uses

question 62

Multiple Choice

When an Australian exporter sells software to France and uses the proceeds to buy stock in a French company, Australian exports _____ and there is a capital _____ to/from Australia.

• A)increase; outflow
• B)increase; inflow
• C)do not change; outflow
• D)decrease; outflow

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Definitions:

Long-Arm Statute

Laws that allow a state to exercise jurisdiction over individuals or entities that are not within its physical boundaries, based on certain criteria.

Personal Jurisdiction

The authority a court has over the parties involved in a legal dispute, typically based on their geographical location or activities within the area.

In Rem Jurisdiction

Legal authority based on the power of the court over property within its jurisdiction, regardless of the property owner's location.

Document Alteration

Document alteration refers to the unauthorized modification of a document's content, often for fraudulent purposes.