For Their Rulings to Be Valid,arbitrators Must Be Members of the American

question 110

True/False

For their rulings to be valid,arbitrators must be members of the American Arbitration Association.

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Definitions:

Legally Binding

A contract or agreement that is enforceable by law, obligating parties to fulfill their commitments.

Bilateral Contract

A type of contract that arises when a promise is given in exchange for a promise.

Payment of Funds

The act of transferring money from one party to another as a form of compensation or fulfillment of an obligation.

Moral Obligations

Duties that arise from ethical principles rather than legal requirements.