Would the Arbitration Agreement Be Deemed Void Because It Provided

question 34

Multiple Choice

Would the arbitration agreement be deemed void because it provided that the arbitrator was not bound by the federal rules of evidence?

• A) Yes.
• B) Only if the arbitrator was not also a lawyer.
• C) Only if the arbitrator was a lawyer.
• D) The agreement to arbitrate would be upheld so long as the arbitrator agreed to at least apply federal hearsay rules.
• E) No, because the rules of evidence applicable in a trial are typically relaxed in arbitration.

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Definitions:

Price-Fixing Agreements

Illegal arrangements where competing businesses agree on pricing of goods or services, undermining free market competition.

Sherman Act

A foundational antitrust law in the United States that prohibits monopolistic practices and promotes competition.

Free Competition

An economic condition where businesses are allowed to compete without undue restrictions, encouraging innovation and fair prices.

Monopolizing

The act of dominating a particular market or industry, often by eliminating or significantly reducing competition.