A US Company That Wants to Buy Products from a Foreign

question 90

True/False

A U.S. company that wants to buy products from a foreign firm must generally buy that country's currency first.

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Definitions:

Illusory

Something that is misleadingly attractive or gives a false impression of reality.

Consideration

Something of value exchanged by the parties involved in a contract, making the agreement legally binding.

Accepted Offer

An offer that has been agreed upon by all parties involved, leading to the formation of a contract.

Preexisting Duty

An obligation that a party is already legally bound to fulfill, which cannot serve as consideration for a new contract.