A Party with Whom You Have a Contract Relationship Has

question 53

Multiple Choice

A party with whom you have a contract relationship has sued you. The contract between the two of you includes an arbitration clause. Which of the following statements is true?

• A)If the party sues on a contract with an arbitration clause they are deemed to forfeit the dispute.
• B)Because one of the parties began the judicial process the judicial process must be completed before any arbitration can proceed.
• C)If the party sued rather than began the arbitration, the case can no longer be arbitrated.
• D)You have options. You could either answer the lawsuit and continue in litigation or make a motion to the court to compel arbitration.

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Definitions:

Trusteeship Climate

Refers to an organizational environment characterized by shared responsibility, where members feel accountable for the stewardship of shared resources or goals.

Ethical Conduct

Adherence to moral principles and standards of behavior in professional and personal actions.

Moral Principles

Fundamental guidelines for conduct that distinguish right from wrong, often based on cultural, philosophical, or religious beliefs.

Leader's Actions

refer to the behaviors, decisions, and measures taken by someone in a leadership position, which can significantly impact an organization or group's direction and success.