If a U.S. firm purchases a foreign firm that violated the Foreign Corrupt Practice Act (FCPA), the U.S. firm________ responsible for the foreign firm's actions under Part _________ of the FCPA.

Question

Quizplus · Accepted Answer

According to Part III of the FCPA, if a U.S. firm acquires a foreign firm that has violated the FCPA, the acquiring firm can be held responsible for the actions of the foreign firm. This is known as successor liability. Therefore, if a U.S. firm purchases a foreign firm that violated the FCPA, the U.S. firm is responsible for the foreign firm's actions under Part III of the FCPA.

If a US Firm Purchases a Foreign Firm That Violated the Foreign