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When a Firm Outsources to a Supplier Located in a Different

question 27

Multiple Choice

When a firm outsources to a supplier located in a different country, it is called _____.


Definitions:

Material Fact

A fact that is important to the subject matter of the contract.

Subject Matter

Refers to the topic, content, or substance of a legal case or document, which determines the jurisdiction and legal principles applicable.

Contract

An accord between several parties that carries legal weight and can be imposed by the law.

Voidable

A term referring to a contract or transaction that remains valid until one party decides to cancel or nullify it due to certain legal defenses.

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