In Order to Combat U

question 46

Multiple Choice

In order to combat U.S.corporations use of illegal payments and bribes in international business dealings,Congress enacted:

• A) the Future Corporation Protection Act (FCPA)
• B) the Foreign Corrupt Practices Act (FCPA)
• C) the Foreign Anti-Bribery Act (FABA)
• D) the Corporations Against Foreign Corruptions Act (CAFCA)
• E) None of these, Congress cannot pass laws regarding foreign business practices.

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Definitions:

Guarantor

A person or entity that agrees to be responsible for another's debt or obligations if the original party fails to meet their responsibilities.

Guaranty

A legal commitment by one party to assume responsibility for the debt obligation of a borrower if that borrower defaults.

Suretyship

A contractual agreement where a party (surety) agrees to be responsible for the debt or obligations of another party (principal) if that party fails to fulfill them.

Cosigner

an individual who agrees to be responsible for the repayment of a loan or debt if the primary borrower fails to pay.