Global Fashion, Inc

question 44

Multiple Choice

Global Fashion, Inc., a U.S. firm, and Haute Couture, a Haitian firm, are parties to a contract that specifies the official language of the contract is English. This is

• A) a choice-of-forum clause.
• B) a choice-of-language clause.
• C) a choice-of-law clause.
• D) a force majeure clause.

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Definitions:

Doubled

To increase something by 100%, making it twice as large or twice as much in quantity.

Years

Units of time that constitute 365 days (or 366 days in a leap year), commonly used as a measure for time periods in financial calculations.

Annual Growth Rate

The percentage increase in the value of an investment or portfolio over the period of a year.

Price of Gold

The current market value per ounce of pure gold, which fluctuates based on various economic and geopolitical factors.