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.$ Eillen 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.

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 leams 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 Ellen presents her dispute for arbitration, the parties will present their evidence before an arbitrator, or arbityal panel. This presentation is known as:

The trial

the pastatyial

the showing

The hearing

the award