Contract purchase and FCPA: Difference between pages

Revision as of 06:36, 21 January 2022

US federal law.

The Foreign Corrupt Practices Act, 1977, amended in 1998.

The FCPA is designed to:

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-A form of conditional sale where the user of an asset has the option to acquire ownership at the end of the contracted period, in return for making a series of finance payments including a final balloon payment.
+''US federal law''.
+The Foreign Corrupt Practices Act, 1977, amended in 1998.
-Contract purchase is similar to contract hire, with the additional feature of the purchase option in favour of the end user of the asset.
+The FCPA is designed to:
+*Outlaw bribery and related practices; and
+*Require compliance with accounting and record-keeping obligations.
-== See also ==
+==See also==
-*[[Contract hire]]
+* [[Bribery Act]]
-*[[Balloon payment]]
+* [[Corruption]]
-*[[Option]]
+* [[Federal]]
-[[Category:Corporate_finance]]
+[[Category:Ethics_and_corporate_governance]]