The Decision of an Association Tribunal Is Binding on Both

question 35

True/False

The decision of an association tribunal is binding on both the association member and the consumer.

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Definitions:

Administer

To manage or direct the execution of affairs, the application of substances, or the carrying out of certain actions.

Probate

The legal process of validating a will and distributing a deceased person's assets under supervision.

Resulting Trust

An implied trust that arises when one party holds the legal title to another’s property only for that other’s benefit.

Probate

The legal process through which a deceased person's will is validated, and their estate is distributed to heirs and beneficiaries.