In Interpreting the Labor Agreement, the Arbitrator Is Limited to the Words

question 62

True/False

In interpreting the labor agreement, the arbitrator is limited to the words of the contract and cannot take into consideration past practices.

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Definitions:

Market Value

The current price at which an asset or service can be bought or sold in a marketplace.

Time Of Sale

The specific moment when a transaction is completed, and ownership of goods or services is transferred from seller to buyer.

Partnership

Two or more physicians that have a legal agreement to share in the total business operation of the practice.

Medical Practices

The methods and procedures used by health professionals to diagnose, treat, and manage patients' health.