Fact Pattern $3-2$

Ellen contracts with James to be her stockbroker, making stock trades for Ellen's account. Ellen need not pre$-$approve the trades that James makes, only trades

for more than $$20,000.$ Ellen and James include a clause stating "that in case of any disputes arising out of this contract; the dispute shall be arbitrated using the

rules of the New York Stock Exchange."

Ellen learns that since signing her contract with James, he has routinely been making trades worth more than $$20,000$ without her permission, and losing

money.

After presenting her evidence at arbitration, Ellen is quite happy when they decide that, in fact, James has violated chis contractual obligations to her, and owes

her damages. Any damages that Ellen wins are known as:

Select one:

a$.$ an award

b$.$ a judgment

C$.$ an exaction

d$.$ a presentation

e$.$ a collection