What Remedy Does an International Lender Have Against a Foreign

question 50

Multiple Choice

What remedy does an international lender have against a foreign borrower who defaults?

• A) It can foreclose on the collateral and sell it.
• B) It can sue the borrower in the international credit court.
• C) The national government will always pay up and make the loan good.
• D) Usually, there is no remedy.

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Definitions:

Wartime Powers

Special authorities granted to government leaders to take actions necessary for national defense and security during periods of armed conflict.

Military Activities

Activities conducted by armed forces related to defense, warfare, and maintaining public order.

Foreign Policy

A government's strategy in managing its relationships and interactions with other nations, focusing on goals such as peace, economic growth, and national security.

Joe Biden

The 46th President of the United States, who took office on January 20, 2021, previously serving as Vice President from 2009 to 2017.