In What Ways Do Forum Selection and Choice of Law

question 39

Essay

In what ways do forum selection and choice of law clauses serve similar interests? In what ways do they serve different or unrelated interests?

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Definitions:

Security Interest

A rephrased definition: A financial security provided by a debtor to a creditor as a guarantee for repayment of a loan, often involving a lien on an asset.

Attachment

A legal procedure by which a court of law, at the request of a creditor, designates specific property owned by the debtor to be transferred to the creditor, or sold for the benefit of the creditor.

Security Interest

A legal claim or right granted by a debtor to a creditor over the debtor’s property, which secures payment or performance of an obligation.

Debtor

An entity or person that owes money to another, the lender or creditor.