The Decisions That Constitute the Conflict-Of-Laws Rules Simply Determine Which

question 11

Multiple Choice

The decisions that constitute the conflict-of-laws rules simply determine which state's law is applicable to any given question when more than one state is involved.In a contractual dispute in which the court follows the lex fori rule, the court applies the law of the place

• A) where the action was instituted.
• B) where the contract was made.
• C) of performance of the contract.
• D) whose law the parties intended should govern.

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Definitions:

Fiscal Policy

Government policies regarding taxation and spending to influence the economy.

Monetary Policy

The actions of a central bank, currency board, or other regulatory committee that determine the size and rate of growth of the money supply, which in turn affects interest rates.

Inflation

A rise in prices and a decrease in the purchasing power of money over time.

Unemployment Rates

The percentage of the labor force that is jobless and actively looking for employment.