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Of All the Payment Methods Available in International Trade, ____

question 27

Multiple Choice

Of all the payment methods available in international trade, ____ probably affords the most protection to the exporter, while ____ probably affords the least protection.


Definitions:

Revocations

The act of officially cancelling or withdrawing something, such as a license, permission, or legal right.

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise when the other party has reasonably relied on that promise to their detriment.

Unilateral Contracts

Agreements in which one party makes a promise in exchange for the other party's performance, not a promise in return.

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise if the other party has reasonably relied on that promise to their detriment.

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