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. If Ellen takes her dispute to the local court, according to the Federal Arbitration Act, what should happen?
a. the court will hear the case
b. the court should dismiss the case
c. the court will hear the case, but only if both parties disagree as to the subject matter d. the FAA will not apply here, because the dispute involves intangible property
e. none of the other choices
b
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The Marino Company has provided you the following information pertaining to its defined benefit pension plan that was adopted on January 1, 2018:The service cost was $950,000 during 2018 and $1,045,000 during 2019.
The prior service cost amortization each year was $290,000. The contribution to the pension plan was $1,500,000 on December 31, 2018 and $1,800,000 on December 31, 2019. The actuarially determined discount rate and the expected return on plan assets was 10%. The actual return on plan assets was 9.5%. Retirement benefits pertaining to years of service prior to 2018 were granted to the employees. The prior service cost is being amortized over the remaining ten-year life of the employees. What is the balance of the projected benefit obligation as of December 31, 2019? A. $2,575,000 B. $5,599,000 C. $2,090,000 D. $4,895,000
A firm may have a negative cash conversion cycle if it carries ________
A) very little inventory and sells its products on credit B) high inventory and sells its products on credit C) very little inventory and sells its products for cash D) high inventory and sells its products for cash
Which of the following types of samples should not be used to make good statistical inferences from a sample to a population?
a. Stratified random samples. b. Self-selected samples. c. Cluster samples. d. All of these choices are true.
What are Scott’s options?
What will be an ideal response?