Examlex
The Chinese protected its automobile industry through restrictive tariffs and quotas. Which of the following BEST describes this practice?
Sale of Goods Transaction
A commercial activity involving the transfer of ownership of tangible personal property from a seller to a buyer for a price.
Bill of Exchange
A written, unconditional order by one party directing another party to pay a specified sum of money to a third party at a specified time.
Pay Money
The act of giving a certain amount of currency or financial value in exchange for goods or services.
Third Person
An individual who is not directly involved in a contract or legal agreement but may be affected by it.
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