Identify the method that accounts for the majority of resolutions in international commercial transaction disputes.

A U.S. District Court in Arkansas may exercise personal jurisdiction over an out of state defendant if:

A. The defendant had minimal contacts with the state. B. The defendant had corporate profits exceeding $10 million annually, making such an entity subject to national jurisdiction. C. The defendant had violated a federal law, making the case a federal question. D. The defendant is from a different state and the amount in controversy exceeds $50,000. E. The defendant is an employee of the U.S. government.

Which of the following does the one-year rule state?

A) Every contract in writing is subject to yearly renewal. B) The terms of a written contract can be modified within a year of its formation. C) A contract that cannot be performed on its own terms within a year should be in writing. D) Valid contracts cannot be rescinded by either party until a year after their formation.