Which of the following statements is true of arbitrationprocedures? Generally, the award resulting from the voluntary arbitrationprocedure
Question:
Which of the following statements is true of arbitrationprocedures?
| Generally, the award resulting from the voluntary arbitrationprocedure is final. |
| If an arbitrator made erroneous rulings during a hearing, theaward can be set aside. |
| An arbitrator's award is binding on the parties only if therewas no error of law on the part of the arbitrator. |
| Mandatory arbitration is a more effective alternative tolitigation than a voluntary arbitration. |
| All types of arbitration procedures are voluntary and cannot beforced on the disputing parties. |
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Goods that are identical are known as a(n) ________.
| accession |
| collateral |
| lien |
| gifts |
| fungible |
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An arbitrator's award must ________.
Question 7 options:
| define the scope of the arbitrator's powers |
| set forth the specific credentials of the arbitrator |
| set forth the findings of fact under any circumstance |
| be desirable to both the disputing parties to be legally bindingand enforceable |
| give a disclosure of findings and the reasons if an arbitrationagreement so requires |
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Which of the following statements is true of caucuses in disputeresolution?
Question 8 options:
| They involve negotiations between the disputing parties withouta mediator and in the presence of their attorneys. |
| They are synonymous with de novo reviews. |
| They are illegal because they are considered exparte communications. |
| They are sometimes used by mediators to make the mediationprocesses more productive. |
| They only occur when mandated by a court order. |
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According to subsection (c) of the Federal Arbitration Act,which of the following actions constitutes misconduct on the partof an arbitrator that justifies vacating an arbitration award?
Question 9 options:
| Conducting a caucus with a party to the proceedings even if theother party consents to it |
| Reaching erroneous findings of fact from an evidence |
| Making erroneous rulings during a hearing |
| Misunderstanding the law |
| Accepting gifts from a party during the proceedings |
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A Survey of Mathematics with Applications
ISBN: 978-0134112107
10th edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde