Many International Contracts Contain A(n)________ Clause That Designates Which Nation's

question 48

Short Answer

Many international contracts contain a(n)________ clause that designates which nation's court has jurisdiction to hear a case arising out of a dispute.

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Definitions:

Net Sales

The amount of sales generated by a company after deducting returns, allowances for damaged or missing goods, and any discounts allowed.

Accounts Receivable

The money owed to a company by its customers for goods or services delivered or used but not yet paid for.

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects revenue from its credit sales, calculated by dividing net credit sales by the average accounts receivable.

Net Credit Sales

The total value of sales made on credit during a period, minus any sales returns or allowances.