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:

Key Attributes

The main or most important qualities or features of something.

Leadership

Leadership is the ability to guide, influence, or inspire individuals or groups to achieve collective goals.

Coercive Power

A form of power that is based on the ability to deliver punishments or impose penalties to influence others.

Referent Power

A form of influence based on the leader’s personal relationships with others, where followers identify with, like, or respect the leader.