In the Pearsall V

question 72

True/False

In the Pearsall v.Alexander case, the court found that by exchanging mutual promises to share in proceeds of lottery tickets, the parties entered into a valid, enforceable contract.

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Definitions:

Federal Judge

A judge appointed by the president of the United States and confirmed by the Senate, serving within the federal court system.

Arbitration Agreement

A written contract in which two or more parties agree to settle a dispute outside of court through the arbitration process.

Punitive Damages

Monetary compensation awarded to an aggrieved party that goes beyond what is necessary to compensate for losses and is intended to punish the wrongdoer.

Independent Contracting

A working arrangement where individuals are hired to perform services for others without being considered employees, often with more autonomy in how the work is completed.