IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-11852-6_17.html
   My bibliography  Save this book chapter

‘I’ve Got a Contract’

In: The Exporter’s & Importer’s Handbook on Foreign Currencies

Author

Listed:
  • A. D. P. Edwards

Abstract

This is a statement which is heard very often but which is not often exactly true. The salesman may consider that the arrangement he has with his buyer constitutes a contract, whereas it may only state the buyer’s intention, albeit his hopeful intention. If it is relied on, however, and the currency sold forward it could lead to an embarrassing situation if the buyer’s hopes are not fulfilled This kind of situation highlights the need to apply the basic disciplines which may best be illustrated by using the simile of electricity. If misused or mishandled an electric circuit hopefully will only blow a fuse. It could, however, cause a fire or even worse, an explosion. With this knowledge we have come to know that there must be a disciplined approach to matters electric. In exactly the same way, matters of foreign exchange require a disciplined approach in order to avoid embarrassment, let alone fire or explosion.

Suggested Citation

  • A. D. P. Edwards, 1990. "‘I’ve Got a Contract’," Palgrave Macmillan Books, in: The Exporter’s & Importer’s Handbook on Foreign Currencies, chapter 16, pages 80-80, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-11852-6_17
    DOI: 10.1007/978-1-349-11852-6_17
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-11852-6_17. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.