Carlson Machines and the Local Labor Union Have a Contract

question 118

Multiple Choice

Carlson Machines and the local labor union have a contract dispute over wages.The two sides have agreed to submit the dispute to an impartial third party for a binding decision.Which of the following will most likely serve as the judge and jury in this situation?

• A) arbitrator
• B) mediator
• C) HR manager
• D) union steward

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Definitions:

Uniform Commercial Code Sections 2-508 and 2A-513

Specific provisions within the UCC related to the rights of parties in sales of goods and leases, respectively.

Right to an Accord and Satisfaction

A legal settlement where both parties agree to accept terms that differ from the original agreement to settle a dispute.

Nonconforming Goods

Products delivered by a seller that do not meet the specifications or requirements as stated in a contract of sale.

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States.