An Ontario Company and a New Jersey Company Enter into a Contract

question 3

Multiple Choice

An Ontario company and a New Jersey company enter into a contract with each other. The contract has a venue clause naming Ontario, and a governing law clause naming Rhode Island, and a mediation clause which states that in the event of a dispute the parties must attempt mediation before suing. Which of the following statements is TRUE?

• A)Any lawsuit over the contract will be heard in Ontario.
• B)Any lawsuit over the contract will be governed by the laws of Rhode Island.
• C)Any lawsuit over the contract will be governed by the laws of Ontario
• D)Both A and B
• E)None of the above

---

Definitions:

Statistical Method

A technique or procedure applied to numerical data for the purpose of analyzing, interpreting, or explaining statistical phenomena.

Employee Leasing

A practice where businesses hire their workers through a professional employer organization, which then handles HR, payroll, and other administrative tasks.

Labour Costs

The total expenses incurred by employers for the payment of wages, benefits, and other forms of compensation to employees.

Labour Costs

Financial expenditures related to employing workers, including wages, benefits, taxes, and training expenses.