Question: Voluntary/Contract-Based Arbitration The contract arising from Randolph's purchase and financing of a mobile home contained an arbitration clause covering all disputes that might arise. When

Voluntary/Contract-Based Arbitration The contract arising from Randolph's purchase and financing of a mobile home contained an arbitration clause covering all disputes that might arise. When a dispute arose, Randolph filed a lawsuit in federal court alleging violations of the Truth-in-Lending Act and the Equal Credit Opportunity Act. Randolph claimed the arbitration agreement was unenforceable, since it did not specify what Randolph might have to pay associated with an arbitration proceeding. Is an arbitration agreement that doesn't specify anything about costs enforceable? Why?

Step by Step Solution

★★★★★

3.24 Rating (165 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

In Green Tree Financial CorpAla v Randolph 121 S Ct 513 2000 the co... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

566-L-B-L-B-R (504).docx

120 KBs Word File

Students Have Also Explored These Related Business Law Questions!

After Commuter Airlines was forced into bankruptcy, the companys stockholders brought suit against Thomas & Ross, the companys independent auditors. Three independent assumptions concerning this...

1. a. How did Chase violate Regulation Z and the TILA? b. According to this decision, what is a clear and conspicuous disclosure? 2. Green Tree Financial financed Randolphs mobile home purchase....

The following discussion describes a patent dispute in the pharmaceutical industry: 79 In 2008, state and federal authorities were examining whether Abbott Laboratories violated antitrust laws in its...

1. Daniel Dimwit sees an advertisement for a toaster oven at Target for the price of $49.00. When he gets to Target they are all sold out. Sears has the same toaster oven for $60.00. Can Mr. Dimwit...

Chapter 6 from The Legal and Ethical Environment of Business was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as...

BMGT 380 - Final Exam Questions for E-resources - Fall 2014 Multiple Choice: 1 point each 1. Sam orally agreed to sell Jamie some land for $500,000. Jamie paid Sam the $500,000; Sam gave Jamie the...

Alternative Dispute Resolution The Search for Alternatives to Litigation Legislatures have tried to find alternatives to costly litigation. These alternatives are called \"alternative dispute...

This question doesn't violate honor code it is for my personal knowledge. I just need help with the questions below I have a California Real Estate Exam that is coming up soon at the end of this...

HE STEP-BY-STEP SOLUTION TO: Question 1 of 100 -The law enforces promises through the use of laws. regulations. contracts. policies. 2 of 100 -A substantive law establishes and controls rights and...

Question: A real estate sales agent may be employed by: a) any member of the public. b) their broker. c) Bo... (5 bookmarks) A real estate sales agent may be employed by: a) any member of the public....

The answer should be about 300-360 words to answer. Select a social media post (e.g., Twitter, Instagram, etc. - setting - public) and describe it in terms of the transmission model of communication....

What is the purpose of the Income Summary account?

Head Start and financial aid for college students are considered what type of Programs? An In Kind assistance program An entitlement program A social Investment program None of the above

After the sale of Fogo de Cho to Thomas H. Lee Partners, the board and management team decided to issue an IPO of common stock. What were the goals of the IPO?

Onondaga Bureau of Medical Economics (OBME), a collection agency for physicians, sent plaintiff Seabrook a letter demanding payment for a $198 physicians bill. In addition to demanding payment, the...

William Thompson was denied credit based on an inaccurate credit report compiled by the San Antonio Retail Merchants Association. The Association confused Thompsons credit history with that of...

Thompson Medical Company manufactures and sells Aspercreme, a topical analgesic. Aspercreme is a pain reliever that contains no aspirin. Thompsons advertisements strongly suggest that Aspercreme is...

Two portfolio managers are discussing the investment characteristics of amortizing securities. Manger A believes that the advantage of these securities relative to nonamortizing securities is that...

Consider a 25-year Government of Canada bond with a face value of $1,000 that has a coupon rate of 5.1%, with semi-annual payments. a. What is the coupon payment for this bond? b. Draw the cash flows...

A stock is expected to pay a dividend of $1 per share in 2 months and in 5 months. The stock price is $50, and the risk-free rate of interest is 10% per annum with monthly compounding. An investor...