At the Federal Level, the Enforces Arbitration Clauses in Contracts

question 135

Multiple Choice

At the federal level, the enforces arbitration clauses in contracts involving interstate commerce.

• A) Federal Arbitration Act (FAA)
• B) Federal Mediation Act (FMA)
• C) National Arbitration Act (NAA)
• D) Arbitration Act of 1980

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Definitions:

Partnership Terminated

The dissolution of a business partnership through the exit of one or more partners or by mutual agreement.

Agreement

A mutual arrangement, contract, or understanding between parties outlining their rights and responsibilities.

Death

The cessation of all biological functions that sustain a living organism; not relevant in a financial context.

Liquidation Purposes

The process of converting assets into cash or cash equivalents by selling them in the event that a business is closing or reorganizing