A Clause in a Contract Referring Disputes to Arbitration Instead

question 4

True/False

A clause in a contract referring disputes to arbitration instead of the courts is valid.

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Definitions:

Self-fulfilling Prophecy

A belief or expectation that an individual holds about a future event that manifests because the individual holds it.

Ingroup Favoritism

The tendency to favor, privilege, or extend more positive treatment to members of one's own group over those of an outgroup.

Self-esteem

A person's overall sense of personal value or worth.

Prejudice

Involves preconceived, often negative, judgments or opinions about individuals or groups based on stereotypes rather than individual merit.