Canadian Shield Mining Co (CSMC) Wishes to Enter into a Contract

question 66

Multiple Choice

Canadian Shield Mining Co (CSMC) wishes to enter into a contract to perform work on land owned by Haole Inc in Hawaii. A question has already arisen, however, as to the appropriate means to settle any disputes that may arise. Haole Inc insists that the contract should contain an arbitration clause. Which of the following statements is TRUE?

• A) Canadian companies must receive government approval before signing contracts that contain arbitration clauses.
• B) Arbitrations must be conducted by judges, but those judges need not be resident in the jurisdiction of either party.
• C) Because of recent changes, disputes can normally be heard in court as quickly as they can be resolved through arbitration
• D) An arbitration award can be appealed in exactly the same ways as a court judgment.
• E) It is usually easier to have an arbitration award enforced in a foreign jurisdiction, than it is to have a judicial award enforced.

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Definitions:

Cialdini

Refers to Robert Cialdini, renowned for his research in the psychology of persuasion and how it is applied in marketing and influence strategies.

Spiral of Silence Theory

Explains that ideas and opinions expressed in mass media can discourage expressions by people who hold dissenting opinions due to a sensitivity of feeling isolated or rejected.

Sequential Process

A series of steps or stages that are carried out in a specific order to achieve a particular goal or result.

Excellence Theory

A framework in public relations that emphasizes strategic management of communication to achieve effectiveness and acknowledges the role of public relations in organizational success.