If the Loser of an Arbitration Decision in an International

question 299

Multiple Choice

If the loser of an arbitration decision in an international cotton contract dispute fails to follow the order of the arbitrator:

• A) the United Nation's International Arbitration Enforcement mechanism will bring about enforcement
• B) the party refusing to pay will be subject to triple damages plus attorney fees
• C) the Court of Appeals for the Federal Circuit will enforce the judgment
• D) the fact of failure to pay may be advertised to try to discourage dealing with that party
• E) none of the other choices are correct

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Definitions:

Monte Carlo Analysis

A statistical technique that utilizes random sampling and variability to calculate risks and predict outcomes in a wide range of applications.

Computerized Model

A digital simulation that uses computer algorithms and programming to replicate the behavior or performance of a physical, financial, or biological system.

Monte Carlo Analysis

A statistical technique that uses random sampling and numerical experiments to estimate mathematical functions and simulate the behavior of complex systems.

Cumulative Probability Distribution

The accumulation of individual probabilities of a distribution.