Which of the Following Refers to a Clause in a Contract

question 9

Multiple Choice

Which of the following refers to a clause in a contract that identifies the state law that will apply to any disputes that arise under the contract?

• A) Supremacy clause.
• B) Just cause clause.
• C) Due process clause.
• D) Forum selection clause.

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Definitions:

Trustee

An individual or company responsible for managing and overseeing assets or property on behalf of another party.

Chapter 7 Bankruptcy

A provision of the bankruptcy code that allows individuals and businesses to discharge or eliminate most of their debts through the liquidation of assets.

Debtor's Property

Assets belonging to a debtor that may be used to pay off creditors.

Preferential Payment

A payment made by an insolvent debtor that gives preferential treatment to one creditor over another.