A Computer Manufacturer Offered to Sell Sophisticated Computer Equipment to Another

question 85

Multiple Choice

A computer manufacturer offered to sell sophisticated computer equipment to another country.Two days later,before the offer was accepted,Congress placed an embargo on all sales to this country;and therefore,the offer was terminated by the embargo.This is an example of:

• A)promissory estoppel.
• B)destruction of subject matter.
• C)intervening illegality.
• D)revocation.

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Definitions:

Foreign Direct Investment

Investment by a company or individual in one country in business interests in another country, in the form of either establishing business operations or acquiring business assets.

U.S. Labor

Refers to the workforce and labor movement within the United States, including its history, policies, and debates concerning workers' rights.

Downward Pressure

Forces or factors that lead to a decrease in prices, wages, or other economic indicators.

European Union

A political and economic union of 27 European countries that are located primarily in Europe, aiming to promote peace, stability, and economic cooperation among its members.