A Shipment of Dell Laptop Computers Is Sent from the United

question 94

Multiple Choice

A shipment of Dell laptop computers is sent from the United States to a Brazilian airport and is sitting at customs.In order to bring the laptops into the country,Dell representatives must pay the Brazilian government a tax.This is called a(n) ____.

• A)quota
• B)orderly marketing arrangement
• C)tariff
• D)local content rule

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Definitions:

Primary Liability

The obligation to be the first or main party responsible for payment or performance under a legal instrument, such as a loan or contract.

Accommodation Indorser

A person who signs a negotiable instrument on behalf of another without receiving a direct benefit, aiming to provide additional confidence to the payee.

Certify a Check

The act of a bank confirming that there are sufficient funds in the account of the drawer of a check and that it is legitimate, essentially guaranteeing payment.

Acceptance

In the context of contract law, the action of consenting to an offer's conditions, effectively establishing a legally enforceable contract.