Examlex
Which of the following statements regarding arbitration of broker-client disputes is not true?
Survival Clause
A contract provision that stipulates which parts of the agreement remain in effect after the contract has ended.
Wrongfully Abandons
Occurs when a party unlawfully leaves or forsakes their responsibility or property without justification.
Lease
A contractual agreement where one party, the lessor, grants the other party, the lessee, the right to use a property, asset, or service for a specified period in exchange for periodic payments.
Contingent Remainder
A future interest in property that becomes possessory when a specified condition is met, and one or more life estates have ended.
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