The Disputing Parties in Arbitration Can Choose an Arbitrator Only

question 4

True/False

The disputing parties in arbitration can choose an arbitrator only from a list of qualified arbitrators provided by the arbitration service regardless of any agreement made prior to the selection of arbitrators.

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Definitions:

Rule Of Reason

A legal doctrine used in antitrust law to determine if a business practice is lawful based on its pro-competitive versus anti-competitive effects.

Antitrust Laws

Legislation enacted to promote competition and prevent monopolies or unfair business practices that restrict trade.

Competition

The rivalry between businesses or individuals striving for the same customers or market.

Monopoly Power

The ability of a single entity to control or dominate an industry or sector, limiting competition.