Jim Davis and Lau Seng Kong Represent Two Differing Sides

question 13

Multiple Choice

Jim Davis and Lau Seng Kong represent two differing sides of a trade dispute involving the supply of aeronautics components to Taiwan.Their companies have had a long-standing business relationship and together have garnered significant industry laurels.In order for them to preserve this successful relationship,their best course of action would be to _____________.

• A) hire first-rate international trade attorneys and proceed to litigation
• B) engage in non-binding mediation
• C) dissolve their trade relationship
• D) contact the World Court for a judgment

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Definitions:

Measurement System

A collection of instruments, standards, and procedures used to quantify physical properties.

Business Activities

All actions undertaken by a company to operate and manage its business, which may include investing, financing, and operating activities.

Communicates

The process of conveying or exchanging information through various means, essential for business operations and relationships.

Partnership

A legitimate business arrangement where two or more partners share both management responsibilities and profits.