Which of the Following Is NOT True About Forfeiting

question 60

Multiple Choice

Which of the following is NOT true about forfeiting?

• A) The exporter is responsible for the quality of delivered goods.
• B) Exporter receives an unconditional cash payment at the time of the transaction.
• C) The exporter sells bank-guaranteed promissory notes at its face value.
• D) The political and commercial risk is carried by the guaranteeing bank.

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Definitions:

Disputes

Conflicts or disagreements that arise between individuals or parties, often requiring resolution through negotiation or legal processes.

Negatively Affect

To have a harmful or detrimental impact on someone or something, decreasing its quality or performance.

Avoidance

A defensive or strategic behavior aimed at circumventing or keeping away from certain situations, tasks, or interactions.

Suppress

means to put an end to the activities or expressions of something, often by force or inhibition.