A third-party beneficiary is a party who is not part of an original contract but who acquires rights under the contract
a. True
b. False
Indicate whether the statement is true or false
True
Business
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What is a joint venture?
a. A long-term franchise agreement b. The merger of two firms into a new legal entity c. An entity owned by two or more parent firms that is legally distinct from the parent firms d. A long-term partnership agreement
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What is a forward—forward swap?
Fill in the blank with correct word.
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The U.S. anti boycott laws are applicable to foreign affiliates of U.S. based companies
Indicate whether the statement is true or false
Business
If a country's central bank eventually runs out of international reserves, it cannot keep its currency from depreciating and a devaluation must occur
Indicate whether the statement is true or false
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