What Is the Purpose of a Choice of Forum Clause

question 44

Multiple Choice

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

• A) to give the parties a choice of nations in which to bring a lawsuit under the contract
• B) to determine in advance where any lawsuits under the contract will be brought
• C) to determine who will choose the location of any lawsuit which is brought under the contract
• D) to determine which nation's law will apply in settling disputes that arise under the contract

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Definitions:

Farm Subsidy Programs

Financial assistance programs provided by the government to farmers to stabilize food prices, ensure a consistent food supply, and sustain the agricultural sector's economic viability.

Social Security

A government program that provides financial assistance to people with inadequate or no income, primarily the elderly, disabled, and survivors.

Credit Subsidies

Financial support or incentives provided by the government to reduce the cost of borrowing, often aimed at encouraging certain types of investments or purchases.

Elderly Individuals

are persons typically aged 65 years and older, often considered to be in the retirement phase of life.