An Arbitrator's Award Must __________

question 15

Multiple Choice

An arbitrator's award must __________.

• A) be desirable to both the disputing parties to be legally binding and enforceable
• B) set forth the findings of fact under any circumstance
• C) set forth the specific credentials of the arbitrator
• D) give a disclosure of findings and the reasons if an arbitration agreement so requires
• E) define the scope of the arbitrator's powers

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Definitions:

Interest for Days

Calculated as the interest rate on a loan or investment applied over a specified number of days.

Total Amount Charged

The total amount charged refers to the aggregate sum of all charges, fees, and expenses associated with a transaction or series of transactions.

Allowance for Doubtful Accounts

This is an accounting method that estimates the amount of receivables that may not be collected due to customer defaults.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the business's normal operating cycle.