Instead of Using Courts to Settle Disputes,an Increasing Number of Contracts

question 28

Multiple Choice

Instead of using courts to settle disputes,an increasing number of contracts call for disputes to be settled by

• A) international law.
• B) diplomacy.
• C) an arbitration panel.
• D) the Uniform Commercial Code.
• E) None of the above

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Definitions:

Payments

Amounts of money transferred from one party to another as fulfillment of financial or contractual obligations.

Compounded Annually

Interest on an investment that is calculated once a year on the principle plus any previously earned interest.

Individual Retirement Account

A retirement savings plan that offers tax advantages for individuals to allocate funds for their retirement.

Invest

To allocate money in the expectation of some benefit in the future.