Great Trading Houses in Japan Are Called

question 11

Multiple Choice

Great trading houses in Japan are called:

• A) kaizen
• B) sogo shosha
• C) MITI
• D) guanxi
• E) keiratsu

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Definitions:

Doctrine of Privity

A legal principle stating that only the parties to a contract can sue or be sued on the contract's terms.

Leading Cases

Landmark court decisions that establish significant new legal principles or concepts or significantly change the interpretation of existing laws.

Contract

A legally binding agreement between two or more parties that specifies obligations and rights concerning particular terms.

Infant

A legal term referring to a person who is not yet of legal age to enter into binding contracts; typically a person under 18 years.