Notren, Inc, a U.S. company, and SWT, a Singapore company, entered into a contract under which SWT is to ship party supplies to Notren. One of the terms of the contract states, "Any disputes that arise under this contract will be resolved in the courts of Singapore." This contract term is a
A)letter of credit
B)choice of language clause.
C)choice of forum clause.
D)draft clause.
C
You might also like to view...
If assets are $410,000 and liabilities are $199,000, then equity equals:
A. $199,000. B. $1,019,000. C. $211,000. D. $609,000. E. $410,000.
The capital accounts of Harrison and Marti have balances of $180,000 and $130,000, respectively, on January 1, 2010, the beginning of the current fiscal year. On April 10, Harrison invested an additional $20,000. During the year, Harrison and Marti withdrew $96,000 and $78,000, respectively, and net income for the year was $248,000. The articles of partnership make no reference to the division of
net income. Based on this information, the statement of partners' equity for the 2010 for the partnership would show what amount in the capital account for Marti on December 31, 2010? A) $228,000 B) $176,000 C) $404,000 D) $52,000
Producers do cooperative advertising with retailers because
A. retailers create better ads than producers. B. media rate structures give national firms lower rates than local firms. C. retailers are more likely to follow through when they are paying a share of the cost. D. the FTC requires it.
Amber, who is an agent for Peter, breaches her fiduciary duty to Peter. Amber:
A) is liable to Peter for breach of contract. B) is liable to Peter in tort for any losses caused by the breach. C) must make restitution for any profits or property received in breach of this duty. D) All of these are correct.