If a US Company and an Austrian Company End Up in a in a Dispute

question 46

Multiple Choice

If a U.S. company and an Austrian company end up in a dispute about a contract they entered into that contains an arbitration clause, a case brought before a U.S. court would:

• A) be heard by the U.S. court since arbitration clauses are not popular with such courts.
• B) be heard by the U.S. court if the U.S. company can show it will be harmed by arbitration.
• C) not be heard by the U.S. court because U.S. courts accept arbitration as a form of dispute resolution.
• D) none of the above.

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Definitions:

Salvage Value

An asset’s expected trade-in value at the point it concludes productive life.

Depreciation

Spreading out the cost of a tangible asset systematically over its life of service.

Property Plant

Long-term physical assets owned by a company, such as buildings and machinery, used in operations to generate revenue.

Intangible Assets

Non-physical assets owned by a business, such as patents, trademarks, and copyrights, that have economic value.