Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

Stacy, located in Florida, is entering into a contract with Natasha, located in Russia, for the purchase of snow globes to sell to people who

Stacy, located in Florida, is entering into a contract with Natasha, located in Russia, for the purchase of snow globes to sell to people who do not typically get to see snow. Stacy is familiar with the Uniform Commercial Code, but she is uneasy about what law would apply if she has a dispute with Natasha regarding the contract. She would like for Florida law to apply. Which of the following is the best advice to Stacy?

Multiple Choice

  • Stacy does not need to do anything because as a matter of law, Florida law, the law of the buyer in this case, would govern any dispute.

  • Since a requirement that Florida law would govern the dispute would likely be deemed unconscionable, Stacy should attempt to have a contract clause inserted providing that international law would govern any dispute.

  • It depends on the value of the contract. If it is for $1,000 or more, Stacy should attempt to secure a provision in the contract that Florida law governs; otherwise, she has no option but to allow a court to later determine the conflict-of-law issue.

  • There is nothing that Stacy can do because Russian law, the law of the seller, would govern any dispute.

  • Stacy should attempt to have a contract clause inserted providing that the law of Florida would govern any dispute.

Step by Step Solution

3.46 Rating (156 Votes )

There are 3 Steps involved in it

Step: 1

It depends on the value of the contract If it is for 1000 or more Stacy should attempt t... blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

13th Edition

978-0073379616, 73379611, 978-0697789938

More Books

Students explore these related Accounting questions

Question

explain the WRAPP program

Answered: 3 weeks ago