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:

Stated Period

A specific time frame that has been mentioned or defined.

Pays Bills

The responsibility of managing and settling financial liabilities such as invoices or debts, often referring to the operational costs of running a business.

Consumer Discount

A reduction in the regular price of goods or services offered to customers.

Regular Price

The standard or usual price of a product or service before any discounts or promotions are applied.