For Businesses That Operate in the Global Economy,which of the Following

question 64

Multiple Choice

For businesses that operate in the global economy,which of the following types of clauses would be advantageous to include in a contract in order to avoid conflict?

• A)Choice-of-law and forum-selection clauses,but not choice-of-language clauses.
• B)Choice-of-language and choice-of-law clauses,but not forum-selection clauses.
• C)Choice-of-language,forum-selection and choice-of-law clauses would be more harmful than helpful in a sales contract in the global economy.
• D)Choice-of-language,forum-selection and choice-of-law clauses.
• E)Choice-of-language and forum-selection clauses,but not choice-of-law clauses.

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Definitions:

Total Fixed Assets

The total value of all long-term, tangible assets held by a company for use in production but not for resale.

Long-Term Liabilities

Obligations due to be paid or settled beyond one year, including loans, bonds, lease obligations, and pension obligations.

Total Liabilities

The sum of all financial obligations a company owes to outside parties, including debts and other financial commitments.

Shareholders' Equity

The residual interest in the assets of a corporation that remains after deducting its liabilities; also known as stockholders' equity.