Nolan Contracts with Onsite Games,Inc

question 32

Essay

Nolan contracts with Onsite Games,Inc. ,to deliver a quantity of video and computer games to Nolan's Play+Trade Game Store.At the time for delivery-just before the beginning of the annual gift-giving season-they disagree over the number,the price,and the quality of the games.Nolan files a suit against Onsite in a state court.The state requires that the dispute be submitted to court-annexed arbitration.What is the difference between voluntary arbitration and court-annexed arbitration ?If the dispute is not resolved,or if either party disagrees with the decision of the arbitrator,will a court hear the case? Explain.

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Definitions:

Cash Dividend

A payment made by a company to its shareholders, usually in cash, out of its earnings.

Book Value

Book value is the net value of a company's assets as recorded on its balance sheet, calculated as total assets minus intangible assets (patents, goodwill) and liabilities.

Quarterly Dividends

Dividends paid by a corporation to its shareholders at the end of each quarter of its fiscal year.

Stock Split

A corporate action where a company divides its existing shares into multiple shares, potentially making the stock more affordable for investors.