A Special Subsidiary of a U

question 97

Multiple Choice

A special subsidiary of a U.S.bank that is engaged in international banking is called

• A) an international banking facility.
• B) an agency office.
• C) an Edge Act corporation.
• D) a foreign bank subsidiary.

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Definitions:

Statute of Frauds

A legal principle that requires certain types of contracts to be executed in writing and signed by all parties to be legally enforceable.

Interest in Land

Interest in land refers to any legal right or ownership claim to real property, including but not limited to ownership, usage, or leasehold interests.

In Vitro Fertilization

In vitro fertilization (IVF) is a medical procedure in which an egg is fertilized by sperm outside the body, with the resulting embryo then transferred to the uterus for pregnancy.

Parol Evidence Rule

A legal principle in contract law that prevents parties from presenting extrinsic evidence of prior or contemporaneous agreements to alter or contradict the terms of a written contract.