The Revised Act Takes the Position That Consolidations Are, for All

question 66

True/False

The Revised Act takes the position that consolidations are, for all practical purposes, obsolete.

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Definitions:

Courts

Institutions established by governments to adjudicate disputes, interpret laws, and administer justice within a legal framework.

Persons

Legal entities that include human beings as well as corporates and other entities recognized by law as having rights and obligations.

New York Convention

An international agreement governing the use of arbitration as a method of resolving private international disputes.

International Agreement

A legally binding contract between sovereign nations governed by international law.