Courts Can Use Judicial Review to Change the Awards of Voluntary

question 11

Multiple Choice

Courts can use judicial review to change the awards of voluntary arbitration when:

• A) either disputing party is dissatisfied with the award.
• B) the arbitrator made erroneous rulings during the hearing.
• C) the actions of the arbitrator are deemed fraudulent or arbitrary.
• D) the arbitrator reached erroneous findings of fact from the evidence.
• E) an arbitrator makes a mistake of law during the proceedings.

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Definitions:

Economic Theory

A set of principles and concepts that helps in the explanation and prediction of economic phenomena.

International Trade

The exchange of goods and services between countries, allowing for greater variety and availability of resources and products.

Domestic Consumption

The total amount of goods and services consumed by the residents of a country.

Domestic Production

The total value of all goods and services produced within a country's borders over a specified period of time.