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

Question

Quizplus · Accepted Answer

Even in countries such as China that are trying to encourage joint ventures and global commercial activity,fraudulent claims can end the country's hospitality to agreements with outsiders.In China,accusations of outsiders' fraudulent misrepresentation have resulted in heavy fines and even refusals to allow the fraudulent party to enter into any more agreements with Chinese firms.

As Discussed in the Textbook,which of the Following Is True