Paralegal Exam Prep

Category - Legal Envrmt

Which of the following are examples of countertrade?
  1. Counter purchase
  2. Buyback
  3. Barter
  4. All of the above.
  5. A and C only.
Explanation
Answer: D. Counter purchase, buyback, and barter are all examples of counter trade. Counter purchase is where a foreign company trades with a nation, promising to make a future purchase of a specific product from the nation. Buyback occurs when a company builds a plant for another company and for payment takes part of the plant's output. Barter is when a company pays for goods or services that it purchases from another company with goods or services instead of cash.
Category: Legal Environment
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