Ben and Jerry Enter into a Business Agreement to Assemble

question 45

Multiple Choice

Ben and Jerry enter into a business agreement to assemble and sell prepackaged salads. In their written agreement, they both agree that they will be required to settle all disputes through arbitration. Which of the following is true of this situation?

• A) This is an example of a mandatory arbitration clause.
• B) This is an example of a voluntary arbitration clause.
• C) This is an example of a caucus.
• D) This is an example of court-annexed mediation.
• E) This is an example of a postdispute arbitration agreement.

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Definitions:

Elementary School

An educational institution for children that provides the first stage of compulsory education.

Hypothesis

A proposed explanation for a phenomenon, set forth as a basis for further investigation.

Opinion

A personal view, attitude, or appraisal formed about something, not necessarily based on fact or knowledge.

Scientific Theories

Systematically organized knowledge applicable in a relatively wide variety of circumstances, especially a system of assumptions, accepted principles, and rules of procedure devised to analyze, predict, or explain the nature or behavior of a specified set of phenomena.