A Clause in a Contract Between Timber Corporation,a U

question 51

Multiple Choice

A clause in a contract between Timber Corporation,a U.S.business,and Wang,Ltd.,a Japanese business,specifies that disputes over the contract will be adjudicated in the United States.This is

• A)a choice-of-forum clause.
• B)a choice-of-law clause.
• C)a force majeure clause.
• D)an arbitration clause.

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Definitions:

New Partnership

A business arrangement where two or more individuals or entities agree to share the profits and losses of a newly formed business venture.

Contribution

In financial contexts, it refers to the amount an individual or entity contributes towards savings, investments, or the capital of a company.