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A Statute That Requires Parties That Have Entered into Contracts

question 11

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A statute that requires parties that have entered into contracts with mandatory arbitration clauses to submit to arbitration to resolve disputes arising under such contracts if it involves commerce is the:


Definitions:

Equity Financing

The act of raising capital through the sale of shares in a company, providing investors with part ownership.

Diversify

The strategy of allocating investments or resources across a variety of different areas to reduce risk.

504 Loan Program

A Small Business Administration program that provides long-term, fixed-rate financing to small businesses for major fixed assets, such as land and buildings.

Certified Development Company

A nonprofit organization sponsored either by private interests or by state or local governments.

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