A statute that requires parties that have entered into contracts with mandatory arbitration clauses to submit to arbitration to resolve disputes arising under such contracts if it involves commerce is the:
A)Arbitration Fairness Act.
B)Federal Administration Act.
C)Federal Arbitration Act.
D)Uniform Arbitration Act.
E)State Arbitration Act.

Question

Quizplus · Accepted Answer

The Federal Arbitration Act (FAA) is a federal law that applies to contracts with mandatory arbitration clauses that involve interstate commerce. It requires parties to submit to arbitration to resolve disputes arising under such contracts. The other options mentioned do not specifically address mandatory arbitration clauses and their enforcement.

A Statute That Requires Parties That Have Entered into Contracts