Berle,a Dairy Farmer,and Clover Creamery,Inc

question 12

Multiple Choice

Berle,a dairy farmer,and Clover Creamery,Inc. ,are engaged in court-annexed arbitration proceedings.The award will be binding on

• A)Berle and Clover.
• B)neither Berle nor Clover.
• C)the losing party only.
• D)the prevailing party only.

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Definitions:

Defendant

The individual, company, or institution being accused or sued in a court of law.

Plaintiff

The party who initiates a lawsuit by filing a complaint with the court against the defendant.

Specific Performance

A legal remedy in contracts law where a court orders a party to perform their part of the contract, rather than paying damages for breaching it.

Equitable Remedy

A legal remedy provided by the court that involves actions rather than monetary awards, often used when financial compensation does not suffice to solve the problem.