To Be Enforceable and Upheld by a Court,an ADR Contract

question 8

Multiple Choice

To be enforceable and upheld by a court,an ADR contract clause should include all the following standard provisions except:

• A)the types of disagreements that will be submitted to ADR.
• B)the ADR technique or techniques that can be used.
• C)the substantive law and the procedural rules that will be followed.
• D)whether both parties have sufficient insurance resources to sustain the award.

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Definitions:

Financial Decisions

The process of making choices regarding the management, investment, and expenditure of money.

Health Deteriorate

A condition where an individual's physical or mental well-being declines over time.

Income Beneficiary

The recipient of the interest or appreciation generated by a trust.

Trust Corpus

The principal or property held in a trust that generates income for the trust's beneficiaries.