What Was the Ruling in Adrian Lopez V

question 62

Multiple Choice

What was the ruling in Adrian Lopez v.Kmart Corporation,the case in the text regarding whether a minor could disaffirm an arbitration clause in an employment contract?

• A)Plaintiff entered into a valid arbitration agreement with his employer,but the employer properly exercised its right to void the contract.
• B)Plaintiff entered into a valid arbitration agreement with his employer,but properly exercised his statutory right of disaffirmance,thereby rescinding the arbitration contract and rending it a nullity.
• C)Plaintiff did not enter into a valid arbitration agreement with his employer because he was a minor,and therefore the agreement was a nullity.
• D)Plaintiff entered into a valid arbitration agreement with his employer,but did not properly exercise his statutory right of disaffirmance,thereby he was required to arbitrate.
• E)Plaintiff entered into a valid arbitration agreement with his employer,but the employer failed to exercise its right to void the contract.

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Definitions:

Rent-Seeking

The practice of gaining economic benefits through manipulation or exploitation of the political environment rather than through traditional economic competition.

Antitrust Exemption

Legal provisions that allow certain industries or companies to avoid full compliance with antitrust laws, often justified by arguments of national interest or market efficiency.

Voting Paradox

A situation in collective decision-making where individual preferences do not result in a consistent collective order of preferences, showing the complexity of social choice.

Impossibility Theorem

A theory stating that no rank-order voting system can meet certain desirable criteria, famously outlined by Kenneth Arrow.