What Is the Purpose of a "Choice of Law" Clause

question 124

Multiple Choice

What is the purpose of a "choice of law" clause in an international contract?

• A) to allow the plaintiff to choose which nation's law will be applied to a dispute
• B) to allow the defendant to choose which nation's law will be applied to a dispute
• C) to give the parties a chance to decide in which nation the lawsuit must be brought
• D) to determine which nation's law will apply in settling disputes that arise under the contract
• E) to determine whether a party must sue on the basis of law, or on the basis of equity

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Definitions:

Lords and Barons

Titles in nobility, historically associated with individuals who possess particular ranks in the feudal system, owning land and owing allegiance to a higher lord or the monarch.

English Liberty

The concept of personal freedoms and rights as traditionally protected and recognized within English common law.

Secular Understanding

A perspective or approach that emphasizes non-religious principles and values, focusing on human reasoning and the material world.