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Peace Inc Is a Markham, Ontario- Based Company That Does

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Peace Inc is a Markham, Ontario- based company that does business with troubled regions, advising governments how to restore order and re- establish the rudiments of civil society. For a fee it will provide such things as tents and basic housing, mobile police stations, and sanitation supplies. Peace Inc consultants will also travel to these destinations to provide on- site advice. Peace Inc's standard contract terms require that its customers open an irrevocable confirmed letter of credit in favour of Peace Inc, usually in some third country in western Europe, in order to ensure payment. Explain how the autonomy principle would work in this context.

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The autonomy principle states that payme...

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