Mr. Smith and Sr. Zarza are negotiating an international contract ...

[ashley]

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?
◦ unlimited liability, insurance, and arbitration of disputes
◦ limited liability, payment in 90 days, and arbitration of disputes
◦ limited liability, insurance, and arbitration of disputes
◦ limited liability, insurance, mediation of disputes, and payment in 90 days
◦ limited liability, insurance, and mediation of disputes

[ErinKing]

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[ashley]

Great answer, keep it coming

[carlsona147]

Thanks for the timely response, appreciate it