One of the Reasons Why There Has Been a Decline

question 51

True/False

One of the reasons why there has been a decline in the number of expats in recent years is that MNCs have found that the expense can be prohibitive.

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Definitions:

Breach of Warranty

A Breach of Warranty occurs when a guarantee or promise about a product or service's condition, quality, or performance is not met, leading potentially to remedies such as repair, replacement, or compensation.

Exemption Clauses

Provisions in a contract that limit or exclude one party’s liability under certain circumstances.

Frustrated Contracts Act

Legislation that addresses situations where a contract, through no fault of the parties involved, cannot be fulfilled.

Deposit

Money prepaid with the provision that the funds are to be forfeited in the event of a breach of contract.