J is a foreigner. He is in great need for a car. He saw the ad of P for a Honda Civic. J went to the shop of P. He insisted that he will buy the car for $100. P refused because he has difficulty of going to town to exchange the dollar to peso. Who among J and P has a better right? A. J has a better right because he is the buyer B. J has a better right because he has already accepted the offer of P to sell the car. C. P has a better right because he can impose all the conditions that he want. D. P has a better right because he cannot be compelled to receive a foreign currency.

J is a foreigner. He is in great need for a car. He saw the ad of P for a Honda Civic. J went to the shop of P. He insisted that he will buy the car for $100. P refused because he has difficulty of going to town to exchange the dollar to peso. Who among J and P has a better right? A. J has a better right because he is the buyer B. J has a better right because he has already accepted the offer of P to sell the car. C. P has a better right because he can impose all the conditions that he want. D. P has a better right because he cannot be compelled to receive a foreign currency.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter29: International Finance

Section: Chapter Questions

Problem 6P

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