Cars R Us is a manufacturer of car parts looking to expand their business outside of their current state with suppliers in other states. As part of their contracts with new parts dealers, their attorney would insert a ________ clause that will specify the law that will be applied to resolve any disputes under the contract.

Question

Quizplus · Accepted Answer

A choice-of-law clause specifies the jurisdiction's law that will be applied in interpreting the contract and resolving disputes, which is essential for contracts involving parties from different states or countries.

Cars R Us Is a Manufacturer of Car Parts Looking