The Foreign Corrupt Practices Act (FCPA)placed More Effective Controls Over

question 13

True/False

The Foreign Corrupt Practices Act (FCPA)placed more effective controls over the practice of bribing foreign officials and politicians by American publicly traded companies pursuing international growth.

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Definitions:

Express Conditions

Specific requirements explicitly stated in a contract that must be met for contractual obligations to be fulfilled.

Conditioned On

Depending on a specific requirement or prerequisite being met.

Duty of Substantial Performance

An obligation requiring a party to perform their contractual duties to such a degree that the essential purpose of the contract is met, even if some minor details are incomplete.

Breach of Contract

A violation of any of the agreed-upon terms and conditions of a binding contract without a lawful excuse.