Risk Due to the Confiscation of Goods by a Government,nonconvertibility

question 13

Multiple Choice

Risk due to the confiscation of goods by a government,nonconvertibility of the buyer's currency,war expropriations,and the inability of the buyer to obtain an import license is called:

• A) Transaction risk.
• B) Import risk.
• C) Political risk.
• D) Commercial risk.

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Definitions:

Pharmacy

A place where drugs and medicines are prepared and dispensed by a licensed pharmacist.

Anticipatory Repudiation

A situation in contract law where one party prematurely conveys their decision not to fulfill the contract terms, breaching the agreement.

Toady

A person who flatters or defers to others for a self-serving purpose; essentially, a sycophant.

Injunction

A court order compelling a party to do or to refrain from doing a specified act.