Although It Has a Population About Half That of the United

question 24

Multiple Choice

Although it has a population about half that of the United States,Japan has

• A)many more banks.
• B)about 25 percent of the number of banks.
• C)more than 5,000 commercial banks.
• D)fewer than 100 commercial banks.

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Definitions:

Illegality

The state of being not allowed by law or illegal actions within various contexts, such as contracts or behaviors.

Accord and Satisfaction

Accord and Satisfaction is a legal settlement where a debtor agrees to pay a lesser amount than originally owed, and the creditor agrees to accept this as full settlement of the debt.

Specific Performance

A legal remedy where the court orders a party to fulfill their obligations under a contract, as opposed to awarding damages.

Waiver

A waiver is the voluntary relinquishment or surrender of some known right or privilege.