Some Choice-Of-Law and Forum Selection Clauses Used in International Contracts

question 19

True/False

Some choice-of-law and forum selection clauses used in international contracts have been held to violate the Commerce Clause of the U.S. Constitution.

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Definitions:

Free-Rider Problem

A situation where some individuals consume more than their fair share of a public resource, or shoulder less of the cost of its production.

Public Good

A good that is both non-excludable and non-rivalrous, meaning individuals cannot be effectively excluded from use and where use by one individual does not reduce availability to others.

Property Rights

Legal rights to own, use, and manage assets or property.

Negatively Affects

Refers to a detrimental impact or influence one variable has on another within a specific context.