If an Agreement Does Not Contain an Arbitration Clause,the Parties

question 55

Multiple Choice

If an agreement does not contain an arbitration clause,the parties may nevertheless agree to arbitration by entering into a(n) ________ agreement.

• A) submission
• B) compliance
• C) capitulation
• D) deference
• E) assent

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Definitions:

Chart of Accounts

An organized list of all accounts used by an entity in its accounting system, facilitating the recording, reporting, and analysis of financial transactions.

Chart of Accounts

An organized list of all accounts in a business entity's financial records, each account accompanied by a reference number.

Account Numbers

Unique identifiers assigned to individual accounts within a company's accounting system, facilitating organization and tracking of financial transactions.

Ledger

A book or other collection of financial accounts of a particular type, often the final record where data from journals is compiled.