The International Chamber of Commerce Accepted Standard Definition for Terms

question 43

Multiple Choice

The International Chamber of Commerce accepted standard definition for terms of sale in 1936 and revised them in 2000 assist buyers and sellers in the international marketplace. What are these standard definitions called?

• A) Buyer/Seller Pragmatism
• B) E-commerce bylaws.
• C) Setting prices constituencies
• D) Incoterms

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Definitions:

Willful Violations

Deliberate or intentional breaches of the law or regulations, often implying awareness of the illegal nature of the act.

Securities Act of 1933

United States federal law enacted to regulate the sale of securities, requiring disclosure and registration of significant information.

Securities Litigation Uniform Standards Act of 1998

A United States federal law that preempts class-action lawsuits related to securities fraud from being brought under state law, requiring instead that they be brought under federal law.

1933 Act

Also known as the Securities Act of 1933, it's a U.S. law enacted to ensure that investors receive significant information regarding securities being offered for public sale, and to prevent deceit, misrepresentations, and other frauds in the sale of securities.