The Risk of Default on the Part of the Importer

question 34

Multiple Choice

The risk of default on the part of the importer is present as soon as

• A) a price quote is requested.
• B) goods are shipped.
• C) the export contract is signed.
• D) goods are received.

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Definitions:

Claustrophobia

An abnormal fear of being in enclosed or confined places.

Enclosed Places

Areas or environments that are surrounded by barriers such as walls or structures, limiting access and egress.

Enema

A procedure where liquid or gas is injected into the rectum, usually to expel its contents, but also to introduce drugs or permit X-ray imaging.

Colon

The large intestine.