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

question 10

Multiple Choice

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

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

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Definitions:

Capital Stock

The total physical, non-human assets of a company or economic system used in the production of goods and services.

Retail Value

The price at which goods are sold to the final consumer, inclusive of markups by retailers.

Directly

In a straightforward or unmediated way, often referring to a direct cause and effect relationship or manner of communication.

Indirectly

In a way that is not directly evident or straightforward; involving an intermediary step or process.