Shaq and Kobe are parties to a business contract containing a binding arbitration clause. A dispute between Shaq and Kobe is submitted to an arbitrator, Pat. After Pat files an award that is in Kobe's favor, Shaq discovers that Kobe had offered a bribe to Pat which Pat had accepted. Shaq wants to go to court to ask that the arbitration award be overturned. Most likely, Shaq will:
a. Not be able to have the award overturned, as the arbitration is binding.
b. Ask that the court overturn the award based on the acceptance of the bribe by Pat.
c. Have to resort to binding mediation.
d. Have to make his appeal to the U. S. Supreme Court.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Shaq and Kobe are parties to a business contract containing a binding arbitration clause. A dispute between Shaq and Kobe is submitted to ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The units of an item available for sale during the year were as follows: Jan. 1 Inventory 20 units at $360 $ 7,200 Aug. 13 Purchase 260 units at $342 88,920 Nov.
Answers (1)
Jonas is a 60% owner of Ard, an S corporation. At the beginning of the year, his stock basis is zero. Jonas's basis in a $20,000 loan made to Ard and evidenced by Ard's note has been reduced to $0 by prior losses.
Answers (1)
An insured has homeowners insurance on his home and detached garage. He has just completed building another detached garage that he plans to use to store his boat and camper. The insured has also installed an alarm system in his home.
Answers (1)
Identify the financial instruments based on the following descriptions. (a) Backed by the U. S. government, these financial instruments are short-term debt obligations with a maturity of less than one year. They are considered risk-free investments.
Answers (1)
If a loss of $25,000 is incurred in selling (for cash) office equipment having a book value of $90,000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is:a) 65,000b) 90,000c) 115,000d)
Answers (1)
New Questions in Business
What may managers rely on to decide if they'd like to interview a candidate in person?
Answers (1)
How are direct lending and dealer financing similar? And which is the better option?
Answers (1)
Suppose that a worker in Tabletland can produce either 4 tablets or 1 television per year, and a worker in Ledville can produce either 2 tablets or 4 televisions per year. Each nation has 50 workers.
Answers (2)
West Corp. issued 17-year bonds 2 years ago at a coupon rate of 10.3 percent. The bonds make semiannual payments. If these bonds currently sell for 102 percent of par value, what is the YTM
Answers (2)
If a company adopts an accounts receivable factoring program, and accounts for the factoring as a sale of receivables, which of the following is true in the period the company starts the program (all else equal) ? A.
Answers (1)