Which of the Following Was the Result in Orville Arnold

question 61

Multiple Choice

Which of the following was the result in Orville Arnold and Maxine Arnold v.United Companies and Michael T.Searls,involving the issue of whether an arbitration agreement entered into as part of a consumer loan transaction containing a substantial waiver of the consumer's rights,including access to the courts,while preserving for all practical purposes the lender's right to a judicial forum,is void as a matter of law?

• A) The court upheld the agreement based upon principles of freedom of contract.
• B) The court upheld the agreement as far as the plaintiffs' duty to arbitrate but stated that the same obligation would be imposed on the defendants.
• C) The court upheld the agreement so long as the parties agreed that plaintiffs would not be required to pay the defendants' attorney fees even if the defendants prevailed at arbitration.
• D) The court found that the waiver of the plaintiffs' rights to a judicial forum considered along with the defendants' retention of such rights and other unfair aspects of the agreement required a finding that the arbitration agreement was void.
• E) The court found that the agreement was void because a consumer loan transaction was involved.

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