Countertrade Is an Alternative Means of Structuring an International Sale

question 66

Multiple Choice

Countertrade is an alternative means of structuring an international sale when ________.

• A)natural resources are highly desirable
• B)an importer is able to obtain a bank loan
• C)an importer does not belong to the World Bank
• D)conventional forms of payment are difficult, costly, or nonexistent

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Definitions:

Third Restatement

A reference in U.S. legal doctrine, particularly in the context of tort law, to the latest revision of a comprehensive guide on legal principles.

Principal Incapacitated

Principal incapacitated refers to a situation where the principal party in a legal or financial agreement is unable to make decisions or fulfill their role, due to physical or mental incapacity.

Legal Status

The condition of an entity or individual’s standing in the eyes of the law, including rights, responsibilities, and current liabilities.

Power of Agent

The legal authority granted to an individual (agent) to make decisions and take actions on behalf of another person or entity (principal).