A Choice-Of-Law Clause Specifies Which Law Will Apply in the Event

question 91

True/False

A choice-of-law clause specifies which law will apply in the event of a dispute and is a good idea to include.

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Definitions:

Wilcoxon Rank

The Wilcoxon Rank Sum Test or Wilcoxon Signed Rank Test is a non-parametric statistical hypothesis test used to compare two paired samples to assess whether their population mean ranks differ.

Critical Value

The value resulting from application of a statistical test that is necessary for rejection (or nonacceptance) of the null hypothesis.

Significance Level

The risk set by the researcher for rejecting a null hypothesis when it is true.