Yuki has been hired as the manager of a company that has just begun the direct export of its product. What precautions should she take to assure that the company would in fact be paid for its products when the company has never dealt with the buyer before and is new to the international legal environment?
The company should have a good working relationship with a bank that deals in the international sector and that has correspondent banks around the world. The company should consider requiring the buyer to furnish a letter of credit, which is a promise by a buyer's bank to pay the seller provided that certain conditions are met. A letter of credit transaction affords the seller protection against the possibility of nonpayment when dealing in the international sector.
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Indicate whether the statement is true or false
Using a cliché becomes a tempting alternative to _____________________
a. a shorter phrase b. revising a sentence c. not finishing the writing d. serious thought
"Promotion" may include
A. mail-order selling. B. point-of-purchase materials. C. advertising on the Internet. D. personal selling to channel members. E. All of these may be included in Promotion.
Answer the following statement(s) true (T) or false (F)
1. Only federal, state, and local legislatures, combined with judicial decisions, form law. 2. State and federal agencies establish regulations that can be considered laws. 3. Jurisdiction is the legal right and power of a court to interpret and apply laws. 4. The U.S. Court of Appeals is the first court to hear a federal case. 5. The highest court of the land, the U.S. Supreme Court, is composed of five justices appointed by the president and confirmed by Congress.