If Intel Moves First and Makes a Large Investment in a Chip

question 46

Multiple Choice

If Intel moves first and makes a large investment in a chip fabrication plant in Bolivia in exchange for tax credits, Intel has made ________ and Bolivia ________.

• A)a tactical error; will nationalize the plant
• B)a specific investment; will create the tax credit
• C)a specific investment; has a hostage
• D)a general investment; no longer has to grant the tax credits

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Definitions:

Statutory Liens

Statutory liens are legal claims against property that are established by statute to secure the payment of a debt or obligation, such as tax liens.

Cosurety

One of two or more individuals or entities jointly responsible for fulfilling the obligation of a surety, sharing liability for ensuring the performance or payment of an obligation.

Right of Contribution

The legal right of a defendant or debtor to collect from co-defendants or co-debtors their share of a common liability or debt.

Right of Subrogation

is a legal right allowing one party to assume another's rights in order to pursue recovery from a third party responsible for a loss.