A Party May Apply for a Modification of an Arbitration

question 30

Multiple Choice

A party may apply for a modification of an arbitration award on which of the following grounds:

• A) The tribunal has exceeded the scope of submission.
• B) There is a need to correct a clerical error or ambiguous language.
• C) The language or form of the award creates some collateral problem for the party.
• D) all of the above.

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Definitions:

Date Of Record

A specific date set by a company on which the shareholders of record are entitled to receive a dividend or other distribution.

Dividend

A payment made by a corporation to its shareholders, usually derived from profits.

Stock Owners

Individuals or entities that hold shares of stock in a corporation, representing partial ownership of that corporation.

Par Preferred Stock

Preferred shares of a company's stock with a fixed face value that typically determines dividend payments.