The Federal Arbitration Act Provides a Means for Enforcement of Arbitration

question 80

True/False

The Federal Arbitration Act provides a means for enforcement of arbitration agreements and decisions of arbitrators through the use of the state courts in which the arbitration took place.

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Definitions:

Breach Of Contract

The violation of a binding agreement between two or more parties by failing to perform any term of the contract without a legitimate legal excuse.

Legal Position

The status, rights, and obligations of an entity or individual according to the law.

Defences

Defences in legal terms refer to arguments and evidence presented by a defendant in a lawsuit to demonstrate why they should not be held liable for the claims brought against them.

Legally Binding Contract

An agreement between parties that has legal force and is enforceable by law, with defined obligations and rights.