Which of the Following Forms of Countertrade Does Not Require

question 31

Multiple Choice

Which of the following forms of countertrade does not require use of money or credit between parties?

• A)barter
• B)switch trading
• C)offset
• D)compensation trading
• E)none of the above

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Definitions:

Statute of Frauds

The Statute of Frauds is a legal principle that requires certain types of contracts to be in writing and signed by the party being charged, to be enforceable.

Performance

The act of fulfilling the duties or obligations specified in a contract or agreement.

Oral Modifications

Changes to a contract or agreement made through spoken communication between the parties involved, rather than in written form.

Parol Evidence Rule

A rule in contracts law that prevents parties from presenting extrinsic evidence of terms of the contract that contradict, modify, or vary contractual terms written in the contract document.