Mr.Smith and Sr.Zarza are negotiating an international contract for the sale of wicker furniture.They have agreed that, while they hope there will be no disputes, they want to include terms in the contract that would ensure that any disputes would be resolved favourably with limited time delay and minimal expense.Which of the following set of terms should they include in their contract?
A) Limited liability, insurance, and mediation of disputes
B) Unlimited liability, insurance, and arbitration of disputes
C) Limited liability, payment in 90 days, and arbitration of disputes
D) Limited liability, insurance, mediation of disputes, and payment in 90 days
E) Limited liability, insurance, and arbitration of disputes
Correct Answer:
Verified
Q61: With regards to international business transactions, which
Q62: Discuss the international court with respect to
Q63: International business contracts may also include specialty
Q64: Discuss various forms of specialty contracts that
Q65: The International Court has jurisdiction over private
Q65: In which of the following ways can
Q70: Explain how Canadian businesses can become involved
Q71: Mandu lives in Toronto and would like
Q77: Tony is a resident of Ontario,and Singh
Q78: Discuss the role of governments when companies
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents