In Most State Statutes Authorizing Voluntary Arbitration, the Agreement to Submit

question 66

True/False

In most state statutes authorizing voluntary arbitration, the agreement to submit to arbitration may be written or oral.

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Definitions:

Prospective Customer

An individual or organization considered likely to purchase goods or services in the future, often targeted in marketing efforts.

Household Use

Pertains to products or services designed for regular consumption or utilization within a domestic setting.

Genuine Benefits

The real advantages or positive outcomes that consumers receive from using a product or service, which meet or exceed their expectations.

Personal Selling

A face-to-face sales technique where a seller aims to persuade a buyer to purchase a product or service, focusing on customer needs and relationship building.