Which of the Following Are Reasons That an Arbitration Award

question 81

Multiple Choice

Which of the following are reasons that an arbitration award may be set aside under the Federal Arbitration Act?

• A) The arbitrator failed to make a final and definite award.
• B) The award was the basis of fraud.
• C) The arbitrator displayed bias.
• D) The arbitrator failed to make a final and definite award, the award was the basis of fraud, or the arbitrator displayed bias.
• E) None of these. There is no Federal Arbitration Act.

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Definitions:

Income-Sharing Ratio

The predetermined agreement on how profits or losses will be distributed among partners or stakeholders in a business arrangement.

Capital Deficiency

A financial state where a company's liabilities exceed its assets, indicating financial distress.

Distribution of Cash

The allocation or disbursement of cash funds by a business to its stakeholders or for operational purposes.

Income Ratio

A metric that compares various components of income, such as net income to revenue, to assess a company's financial health.