Answered: The following are clauses in the U.S.…

The following are clauses in the U.S. Constitution that relate to international law. A. Treaty Clause. B. Foreign Commerce Clause. C. Both a and b. D. Neither a nor b.

Business Its Legal Ethical & Global Environment

10th Edition

ISBN:9781305224414

Author:JENNINGS

Publisher:JENNINGS

Chapter12: Contracts And Sales:introduction And Formation

Section12.2: Sources Of Contract Law

Problem 2CQ

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Concept explainers

Regulation of Commercial Banks

The main function of any commercial bank is accepting deposits and lending money to borrowers. Apart from these two activities, commercial banks provide a host of other services to their customers, like discounting bills of exchange, acting as a custodian of a customer's will, and so on. In the absence of a proper regulatory framework or proper regulations in place, the commercial banks would have ended up charging exorbitant or varied rates of interest or service charges on the funds loaned by them or the services performed by them.

Question

The following are clauses in the U.S. Constitution that relate to international law.

A. Treaty Clause.
B. Foreign Commerce Clause.
C. Both a and b.
D. Neither a nor b.

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