If their contract contains no binding arbitration clause, the parties may secure arbitration by entering into a agreement.
A) remission
B) subrogation
C) submission
D) protestation

Question

Quizplus · Accepted Answer

The correct term for the process of agreeing to arbitration is submission. Remission means the cancellation or forgiveness of a debt, subrogation refers to the transfer of one's rights or claims to another person or party, and protestation means a formal declaration of objection or disapproval.

If Their Contract Contains No Binding Arbitration Clause, the Parties