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:

Higher Levels

A term indicating advanced stages or degrees of complexity, often used in reference to education, management, or organizational structure.

Management

The process of coordinating and overseeing the work activities of others to achieve organizational goals efficiently and effectively.

Direct Expense

Costs that can be directly attributed to the production of specific goods or services, such as raw materials and labor.

Sporting Goods Department

A specialized division within a retail store or company focused on the sale and distribution of sports and fitness equipment.