Transnational Corporation and UniShip,Inc

question 11

Multiple Choice

Transnational Corporation and UniShip,Inc.,agree to a contract that includes an arbitration clause.If a dispute arises,a court having ju?ris?dic?tion may

• A)monitor any arbitration until it concludes.
• B)order an arbitrator to rule in a particular way.
• C)order a party to bring the dispute to court.
• D)order a party to submit to arbitration.

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Definitions:

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan balance.

Non-interest Bearing

A financial term indicating a debt or deposit that does not accrue interest over time, identical in concept to its prior mention but explained with different wording.

Compounded Monthly

A method of calculating interest where the interest earned each month is added to the principal, compounding the amount on which future interest is calculated.

Compounded Semi-annually

The process of adding interest to the principal sum of a loan or deposit on a twice-yearly basis, resulting in interest on interest.