How do transacting parties commonly address potential conflicts of laws in international trade agreements?

How do transacting parties commonly address potential conflicts of laws in international trade agreements?
A . By deferring the choice of law to the distributor or buyer
B . By choosing the law of one of the transacting parties’ home states
C . By relying on international arbitration exclusively
D . By avoiding any legal clauses in their contracts

View Answer

Answer: B

Explanation:

International trade agreements commonly specify the law of one of the transacting parties’ home states to resolve legal conflicts effectively. [P-121]