Which of the following statements is true of a submission agreement?
A) It is a binding clause in a contract mandating all disputes to be settled by arbitration.
B) It specifies the nature of the dispute and how the arbitrator will be selected.
C) It is an agreement stating that both parties agree to abide by the mediator's decision.
D) It is an agreement provided in court stating how contract disputes are to be settled.
B
You might also like to view...
What is the difference between a task force and an ad hoc committee?
a. Task force is permanent while an ad hoc committee is only temporary. b. Task force is temporary while an ad hoc committee is permanent. c. Task force is formal while an ad hoc committee is informal. d. There is no difference, task force and ad hoc committees are the same thing.
If the discount rate is appropriate for the level of risk, a satisfactory investment will have a present value of benefits equal to or greater than than the present value of costs
Indicate whether the statement is true or false.
Dietrick Corporation produces and sells two products. Data concerning those products for the most recent month appear below: Product B32LProduct K84BSales$46,000 $27,000 Variable expenses$13,800 $14,670 Fixed expenses for the entire company were $42,550.If the sales mix were to shift toward Product B32L with total sales remaining constant, the overall break-even point for the entire company:
A. could increase or decrease. B. would not change. C. would decrease. D. would increase.
The procedures for using liens are generally determined by:
a. UCC Article 2 b. UCC Article 9 c. UCC Article 5 d. state common or statutory law e. none of these