A Clause in a Contract Between Tall Timber Corporation,a U

question 2

Multiple Choice

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

• A)a domestic-dispute clause.
• B)a forum-selection clause.
• C)an adjudication clause.
• D)an arbitration clause.

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Definitions:

Deregulated

The reduction or elimination of government power in a particular industry, usually enacted to encourage competition and increase efficiency.

Banking

The industry involving the holding, lending, and managing of money and financial instruments for individuals, businesses, and governments.

Trucking

The industry or activity of transporting goods by road, typically involving large vehicles known as trucks.

Airlines

Businesses that offer services for flying both passengers and cargo.