Mandu Lives in Toronto and Would Like to Take Advantage

question 8

Multiple Choice

Mandu lives in Toronto and would like to take advantage of a business opportunity to import goods from a company in China.In order to avoid the possibility of a dispute between himself and the foreign company, he should:

• A)Include a provision in the contract, stating that the law of a particular jurisdiction will govern the transaction in the event of a dispute
• B)Make no reference in the contract with respect to jurisdiction
• C)Include a provision in the contract, stating that the International Court of the World will have jurisdiction
• D)Include a provision in the contract, stating that the contract is subject to the exclusive jurisdiction of Ontario
• E)Include a provision in the contract, stating that the contract is subject to the exclusive jurisdiction of China

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Definitions:

Intuition

Intuition involves understanding or knowing something immediately without the need for conscious reasoning, often referred to as a "gut feeling".

Algorithms

Step-by-step procedures or sets of rules followed in calculations or problem-solving operations, particularly by computers.

Trial And Error

A method of problem-solving that involves trying multiple options and eliminating those that do not work.

Robert Sternberg

An American psychologist known for his theory on love and intelligence, including the Triarchic Theory of Intelligence.