which of the following is true in China when an outsider allegedly commits or actually commits fraud in the course of business dealings with Chinese firms?

Multiple Choice

• Because of the governmental interest in increasing international business, it is very difficult to prove fraud when international business is involved.
• Because of the governmental interest in increasing international business, few penalties are imposed on international businesses that commit fraud.
• Because of the governmental interest in increasing international business, it is very difficult to prove fraud when an international business is involved, and few penalties are imposed on international businesses that commit fraud.
• Chinese law does not recognize the concept of fraud.
• Fraudulent misrepresentations have resulted in heavy fines and refusals to allow any more agreements with Chinese firms.

Which of the following refer(s) to the failure to provide pertinent information about a projected contract?

Multiple Choice

• Concealment
• Nondisclosure
• Negligence
• Concealment, nondisclosure, or negligence
• Concealment and nondisclosure, but not negligence

For a mutual mistake to interfere with legal consent, it must involve a _____ effect on the agreement.

Multiple Choice

• conditional
• material
• tertiary
• criminal
• statutory