If DroneTek Signs the Contract and a Dispute Arises with BigBox

question 78

Multiple Choice

If DroneTek signs the contract and a dispute arises with BigBox under the contract,what is likely the most cost-effective way for DroneTek to resolve the dispute?

• A)Litigate the lawsuit in Illinois,as per the forum selection clause in the contract.
• B)Request arbitration as it is cheaper than litigation.
• C)Litigate the lawsuit in Illinois because arbitration is not allowed under international law.
• D)Litigate the lawsuit in Illinois because arbitration awards are not recognized under international law.
• E)Ignore the forum selection clause and file a counter-suit in DroneTek's home state of Sweden.

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Definitions:

Exchange Opportunities

Situations or conditions that allow for the trading of goods, services, or information between parties.

Particularistic Values

Norms and moral standards that are considered unique or applicable to specific groups, cultures, or situations rather than universal.

Small Groups

Social units consisting of a limited number of members, allowing for direct interaction and close relationships.

Social Facts

Durkheim's term for a set of norms, values, and structures external to the individual that exert social control.