To Use Arbitration as a Method of Dispute Resolution, the Parties

question 63

True/False

To use arbitration as a method of dispute resolution, the parties must agree to arbitrate any dispute before it arises.

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Definitions:

Duty of Care

A legal obligation imposed on an individual requiring adherence to a standard of reasonable care while performing any acts that could harm others.

Vicarious Liability

A legal principle where one party is held liable for the actions of another party, typically in employer-employee relationships.

Duty of Care

Refers to the legal obligation to adhere to a standard of reasonable care while performing any acts that could foreseeably harm others.

Physical Injury

Harm or damage to a person's body as a result of an accident, negligence, or intentional act.