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. After Ellen presents her dispute for arbitration, the parties will present their evidence before an arbitrator, or arbitral panel. This presentation is known as:
a. the trial
b. the post-trial c. the showing d. the hearing e. the award
d
You might also like to view...
Cash interest is computed annually when a bond is issued for other than its face value. For a bond issued at a premium, how will this component change as the bond approaches maturity?
a. decrease b. increase c. remain constant d. not enough information given to decide
To safeguard a business's assets and reduce the likelihood of fraud and errors, its accounting information system ________.
A) should be manual B) must be flexible to accommodate changes in a business over time C) should work smoothly with the business's employees D) must provide adequate controls of a business's assets and data
A joint venture may be
A. a shared effort to research consumer taste. B. a corporate entity formed between an international firm and local owners. C. a corporate entity acquiring a local business. D. a legal undertaking to mentor a developing company's personnel.
______ is the degree to which people perceive outcomes to be fairly allocated.
A. Distributive justice B. Operational justice C. Mechanical justice D. Procedural justice