Which of the Following Is Usually Placed in the Arbitration

question 27

Multiple Choice

Which of the following is usually placed in the arbitration clause that is becoming standard in many international contracts?

• A) The preferred court/legal body of arbitration.
• B) The place of the arbitration (city and/or country).
• C) The titles of the arbitrators to be involved.
• D) The age of the arbitrators to be involved.
• E) The nationalities of the arbitrators.

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Definitions:

Business Purchase

The process of acquiring ownership or control of a company or its assets.

Frost Destruction

Damage or harm caused to crops and plants due to freezing temperatures.

Non-competition Clause

A provision in a contract that prohibits a party from entering into competition with another party for a certain period of time and within a specific geographical area.

Liquidated Damages

A predetermined amount of money that must be paid as compensation for failure to perform under a contract.