A designated broker who cannot attend the closing asks another broker to attend for the broker. The designated broker is no longer obligated for the closing.

What are the three classic negotiation strategies? Briefly describe each of them

What will be an ideal response?

An American manufacturer with its corporate headquarters in New York City is purchasing goods

from a French supplier. Which of the following statements is true regarding the exchange rate risk for this contract? A) The American company will bear all of the exchange rate risk if the contract is denominated in dollars. B) The French company will bear all of the exchange rate risk if the contract is denominated in dollars. C) Both companies could bear exchange rate risk if the contract is denominated in British pounds. D) Both B and C are correct.