The Federal Arbitration Act is largely responsible for the prominent role and positive perception of arbitration among businesses today.

Question

Quizplus · Accepted Answer

Prior to the enactment of the FAA, our common law system preferred litigation over arbitration as a means of resolving disputes. In 1925, congressional enactment of the FAA began to change this presumed way of dispute resolution.

The Federal Arbitration Act Is Largely Responsible for the Prominent