When Internationally Accepted Arbitration Rules Are Used in Conjunction with the Parties

question 63

Multiple Choice

When internationally accepted arbitration rules are used in conjunction with the parties' own methods of selecting an arbitration panel,it is known as a(n) __________ arbitration.

• A) multinational
• B) neutral
• C) ad hoc
• D) private

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Definitions:

Note Payable

A written promise to pay a specified sum of money, plus interest, to a creditor at a future date.

Cash

A form of currency that includes coins and paper notes, used by companies to conduct transactions or stored as part of their liquid assets.

Acquisition

The process of obtaining control of another corporation, either through purchase or merger.

Shares of Stock

Ownership units in a corporation that represent a claim on part of the corporation's assets and earnings.