In a Forfaiting Transaction,the Forfait Is Usually

question 28

Multiple Choice

In a forfaiting transaction,the forfait is usually

• A)the importer.
• B)the exporter.
• C)the bank.
• D)the title to the goods,or the bill of lading.

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Definitions:

Good Faith

Conduct characterized by honesty, integrity, and sincerity, especially in fulfilling contracts or negotiations.

Expense Report

A document that itemizes and records all the costs incurred during a business operation or trip.

Personal Entertainment

Forms of amusement or leisure activities that individuals engage in for enjoyment and relaxation.

Company Policy

A set of rules, guidelines, or principles established by an organization that governs its operations and employee behavior.