If Cecelia Does Not Take Willie at His Word and Wants

question 36

Multiple Choice

If Cecelia does not take Willie at his word and wants additional assurance that her state's law would be applied,what should she do?

• A)She should insert a GATT clause into the contract.
• B)There is nothing she can do.
• C)She should insert Hague evidence clause in the contract.
• D)She should insert a choice-of-law clause in the contract.
• E)She should insert a forum selection clause in the contract.

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Definitions:

Utility Function

A mathematical representation used in economics to model preferences and satisfaction obtained from consuming goods and services.

Berries

Small, pulpy, and often edible fruits, typically round, brightly colored, sweet or sour, and do not have a stone or pit, although many seeds may be present.

Nuts

Edible seeds of certain plants, enclosed in a hard shell, and often consumed as a nutrient-rich food.

Utility Function

Represents the satisfaction or welfare an individual obtains from consuming goods and services, indicating preferences over various bundles of goods.