A Foreign Individual or Organization That Agrees to Represent an Exporter's

question 52

Multiple Choice

A foreign individual or organization that agrees to represent an exporter's interest in foreign markets is called a(n)

• A) headquarters arrangement.
• B) licensing arrangement.
• C) independent agent.
• D) strategic alliance.
• E) branch office.

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Definitions:

Frustration Availability

Refers to situations where the doctrine of frustration can be applied to release parties from their contractual obligations.

Costly Performance

Refers to situations where fulfilling the terms of a contract or agreement involves significant expense.

Government Policy

A deliberate plan of action or inaction chosen by public authorities to address a given problem or interrelated set of problems.

Contract Frustration

Refers to a situation where unforeseen events make the fulfillment of a contract impossible, voiding the obligations of the parties involved.