Arbitration Clauses Require Agreement Wherein the Concerned Parties Agree

question 56

Multiple Choice

Arbitration clauses require agreement wherein the concerned parties agree:

• A) on who is right and who is wrong.
• B) on the validity of the litigation issues.
• C) to abide by the awards resulting from the arbitration.
• D) to not hire a legal counsel to represent each of the parties involved.
• E) to not name the arbitrators.

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Refers to a situation where a court decides to reverse or reject a legal precedent set by an earlier court decision, altering the legal standards for future cases.

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