In International Commerce,a Draft Is Sometimes Referred to as a _____

question 47

Multiple Choice

In international commerce,a draft is sometimes referred to as a _____.

• A) bill of exchange
• B) letter of credit
• C) bill of lading
• D) counterpurchase
• E) buyback

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Definitions:

Alien Corporations

Alien Corporations are companies that are incorporated in a foreign country relative to the jurisdiction where they are doing business.

Foreign Corporations

Businesses or companies that are incorporated under the laws of another country or jurisdiction but do businesses within the host country, subject to specific regulations and possibly different treatment under the law.

Promoters

Individuals or companies that take the initial steps in forming a business, including gathering resources, establishing legal entities, and soliciting investors.

Infant Corporation

A term sometimes used to describe a corporation in its early stages of development or operation.