In China,signed Contracts ________

question 67

Multiple Choice

In China,signed contracts ________.

• A) mean a final agreement
• B) must be honored
• C) are not open to renegotiation
• D) signal interest in doing business
• E) are a binding commitment

---

Definitions:

Debenture Bonds

Bonds issued against the general credit of the borrower. Also called unsecured bonds.

Credit Ratings

Assessments of the creditworthiness of both borrowers (including governments, businesses, and individuals) and financial instruments, expressed through a grading system.

Callable

Describes a financial security (like a bond) that can be redeemed or "called" by the issuer before its maturity date, usually at a predefined price.

Convertible

Refers to a security (like bonds or preferred shares) that can be converted into a different form, commonly shares of the company's common stock.