For Businesses That Operate in the Global Economy, ________ Clauses

question 6

Multiple Choice

For businesses that operate in the global economy, ________ clauses would be advantageous to include in a contract in order to avoid conflict.

• A) only choice-of-language and forum-selection
• B) only choice-of-language and choice-of-law
• C) only choice-of-law and forum-selection
• D) choice-of-language, forum-selection and choice-of-law
• E) choice-of-law clauses would be the only allowable clause under the CISG

---

Definitions:

Canadian Dollar Appreciates

An increase in the value of the Canadian dollar relative to another currency.

Foreign Currency

Currency used in a country other than one's own, involved in international trade and investment.

Deficit Trade Balance

A situation where a country's imports exceed its exports, resulting in a negative trade balance.

Free Market

An economic system where prices for goods and services are determined by the open market and by consumers, with minimal government intervention.