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
The correct answer is D. Choice of law Clause.
To find the correct answer, we can break down the question and look at the options provided. The question asks for the clause in an international contract that designates which nation's laws will be applied in deciding a dispute arising out of the contract.
Let's analyze each option:
A. Equal Protection Clause: The Equal Protection Clause is a clause in the United States Constitution that guarantees equal treatment under the law. It is not applicable to an international contract, so we can eliminate this option.
B. Supremacy Clause: The Supremacy Clause is a clause in the United States Constitution that establishes that federal law prevails over state law. It is also not applicable to an international contract, so we can eliminate this option.
C. Forum-selection Clause: A forum-selection clause is a provision in a contract that specifies which jurisdiction's courts will hear any dispute arising from the contract. While this clause is related to dispute resolution, it does not directly deal with designating the laws that will be applied. We can eliminate this option as well.
D. Choice of law Clause: The Choice of Law Clause is a clause that designates which country's laws will be applied in an international contract. This is the correct clause that answers the question, as it directly deals with assigning applicable laws to the contract.
So, the correct answer is D. Choice of law Clause.