A(n) Provides That Any Disputes Arising Under the Contract Will

question 126

Multiple Choice

A(n) provides that any disputes arising under the contract will be resolved by arbitration and generally explains how the arbitration will be handled.

• A)Arbitration clause
• B)Settlement clause
• C)Dispute clause
• D)Negotiation clause

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Definitions:

Inflation

The rate at which the general level of prices for goods and services is rising, leading to a decrease in the purchasing power of money.

Grease the Wheels

An expression used to describe actions that facilitate or ease the progress of a process, activity, or operation, often implying making things run more smoothly and efficiently.

Political Business Cycle Theory

A theory suggesting that elected officials may manipulate economic policies to produce favorable economic conditions ahead of elections to increase their chances of reelection.

Discount Rate

The interest rate on the loans that the Fed makes to banks.