BUS 201- Mid-Term Exam
1. Which of the following is a multilateral convention establishing procedures for transnational
discovery between private persons in different states?
-Hague Evidence Convention
2. A company that sends its products to a foreign mar
What is Consideration?
Consideration is required in every contract. It is what a person will receive in return for
performing a contract obligation.
LACK OF CONSIDERATION
For example, in a bilateral contract (a promise for a promise), the consi
A timeless maxim suggests that its better to ask forgiveness than permission. Nowhere is that
more prominent than in the current crop of digital businesses, which tend to ski
The terms international law and comparative law are often used interchangeably, but they are quite
different. International law governs the conduct of states and international organizations and their
relationships with one another and with natur