The ________ Is a Provision in a Contract Designating the State

question 30

Multiple Choice

The ________ is a provision in a contract designating the state whose law will govern disputes relating to the contract.

• A) escape clause
• B) omnibus clause
• C) choice of law clause
• D) forum selection clause

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Definitions:

Stock Dividend

A disbursement by a company to its stockholders, consisting of extra shares instead of monetary funds.

Cash Dividend

A cash dividend refers to the distribution of profits by a corporation to its shareholders in the form of cash.

Stock Split

A corporate action in which a company divides its existing shares into multiple ones to boost the liquidity of the shares, though the company's market capitalization remains unchanged.

Average Investor

A term referring to a hypothetical investor who represents the median market participant, with typical financial goals and risk tolerance.