Michigan Choice of Law- Contracts Flashcards
Contractual Choice of Law Provisions Enforceability
Always enforceable for issues parties could have resolved by explicit agreement
Issues that could not have resolved enforceable unless the chosen state has no relationship to the parties or transaction or the chosen law is contrary to fundamental policy of the forum state
Choice of Kx Law Absent clause in Kx
Michigan approach in transition
Traditional vested rights approach
Moving towards a most significant relationship approach
Vested Rights approach relating to Kx existence or validity
Apply law where Kx made, usually place where last event occurred that made kx binding
Vested rights approach to Kx issues relating to performance
Apply law of the place of performance
Vested Rights approach to Kx affecting title to land
apply law of state where land located