What are the two principles upon which international trade law, including international arbitration, is based?

What are the two principles upon which international trade law, including international arbitration, is based?
A . National recognition and legal independence
B . Freedom of contract and national sovereignty
C . Freedom of contract and international recognition
D . National sovereignty and international recognition

View Answer

Answer: C

Explanation:

International trade law is based on freedom of contract (allowing parties to set their terms) and international recognition (ensuring arbitration awards are enforceable globally). [P-122]