Banks Make Higher-Risk Foreign Loans During What Kindleberger's Refers to as "The

question 78

True/False

Banks make higher-risk foreign loans during what Kindleberger's refers to as "the period of mania."

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Definitions:

Goods

Tangible, movable personal property that can be measured and weighed; also known as chattels.

Non Est Factum

A plea asserting that an agreement is void because the signer was unaware of its essence due to deception or misunderstanding.

Illegality of Object

Refers to a principle in contract law that prohibits the enforcement of agreements that involve an illegal purpose or object.

Rescission

The legal act of cancelling or annulling a contract, returning all involved parties to their state prior to the contract's formation.