The __________ is a clause in an international contract that designates which nation's laws will be applied in deciding a dispute arising out of the contract.
A. Equal Protection Clause
B. Supremacy Clause
C. Forum-selection Clause
D. Choice of law Clause
Ans:B
To determine the answer to this question, you can break it down and analyze each option.
A. The Equal Protection Clause refers to a clause in the Fourteenth Amendment of the United States Constitution that prohibits states from denying equal protection of the law to any person within their jurisdiction. This clause is not relevant to the question, so we can eliminate it as the correct answer.
B. The Supremacy Clause is a clause in the United States Constitution that establishes the Constitution, federal laws, and treaties as the supreme law of the land. While this clause is important in matters of federal and state law conflicts within the United States, it does not pertain to international contracts. Therefore, we can eliminate this option as well.
C. The Forum-selection Clause is a clause in a contract that determines the jurisdiction or venue in which any legal dispute arising from the contract will be resolved. This clause specifies a particular court or legal system to handle disputes, but it does not address which nation's laws will be applied. Thus, this option is also incorrect.
D. The Choice of Law Clause, on the other hand, is a clause in an international contract that specifically designates which nation's laws will be applied in deciding a dispute arising out of the contract. This clause is typically included in international contracts to avoid uncertainty and conflicts regarding the applicable laws. Therefore, the correct answer is D.
In conclusion, the correct answer to the question is D. Choice of Law Clause.