A contract that violates state or federal statutory law is:
a. illegal, but enforceable
b. subject to a variety of fines and extra regulations c. legal, but unenforceable
d. legal and enforceable
e. none of the other choices are correct
e
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Sanctions usually are imposed to
A. exact retribution for past conflicts. B. protect an infant industry. C. increase the cost of doing business in the sanctioned nation for foreign competitors. D. inflict economic harm on a nation to punish or force change.
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One simple way of addressing foreign tax risks is a(n) __________, whereby the local licensee is obligated to pay all taxes other than those specifically allocated to the foreign partner
a. gross-up clause b. tax shift clause c. local commitment clause d. overseas investment clause
Negligence per se may occur if an individual violates a statute or an ordinance providing for a criminal penalty and the violation causes another to be injured
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