Armac Ltd. is a sluice-box manufacturer based in China. A sluice-box is used for gold prospecting. Armac is interested in selling a few of its machines to an American mining company, but it wants 95 percent of the machines' price in gold and the rest in ores recovered by using the machines. This is an example of a .

Qusetion options:

A) buyback arrangement

B) functional discount

C) barter deal

D) compensation deal

E) sealed bid

A) buyback arrangement

Explanation:

A buy back arrangement is a contract agreement that occurs between a buyer/purchaser and vendor whereby there is an agreement that the vendor will repurchase the property from the purchaser if a certain event occurs within a specified period of time. The buy-back price is usually stated in the agreement. From the above Armac makes a buy back agreement by a setting a price to buy back it's machines sold to an American company.

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