The Federal Arbitration Act Promotes the Arbitration of Contract Disputes

question 61

True/False

The Federal Arbitration Act promotes the arbitration of contract disputes whether the dispute involves federal or state law.

---

Definitions:

Private Branding

A strategy where a retailer sells products under its own brand name, rather than the name of the manufacturer.

Store Brands

Products that are branded and sold by a retailer under its own label.

Kirkland

A brand name owned by Costco Wholesale Corporation that offers a wide range of products, including groceries and household goods.

Fighting Brands

These are lower-priced products launched by companies to compete with generic or store brands and to protect their premium brands' market share without lowering the price of their main products.