________ Refers to a Contract Provision That Designates a Certain

question 27

Multiple Choice

________ refers to a contract provision that designates a certain state's law or country's law that will be applied in any dispute concerning nonperformance of the contract.

• A) Choice of law clause
• B) Forum-shopping
• C) Arbitration clause
• D) Due process of law clause

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Definitions:

Available-For-Sale

A classification for investments in securities that are not actively traded or held to maturity, allowing gains or losses to be recorded in equity.

Trading

The act of buying and selling securities, commodities, or other financial instruments in financial markets with the aim of profiting from price movements.

Trading Securities

Financial instruments that are purchased and held primarily for selling them in the near term, with the objective of generating profits on short-term price differences.

Available-For-Sale Securities

Debt or equity securities not classified as held-to-maturity or trading securities, measured at fair value with changes recognized in other comprehensive income.