Abacus Industries is considering arbitration to resolve its dispute with a foreign supplier.Which statement best describes why arbitration is popular for settling international commercial disagreements?
A) Arbitration is mandatory in contracts involving the international sale of goods.
B) There is no international court for the resolution of commercial disputes.
C) Arbitration decisions can be appealed to the courts.
D) Arbitrators must meet mandatory qualifications.
Correct Answer:
Verified
Q5: What difference between litigation in Canada and
Q6: What is the rationale for strict limitation
Q7: Walter receives and considers submissions from both
Q8: A mediator attempting to negotiate a resolution
Q9: The activities of a large multinational corporation
Q11: How does a court order of costs
Q12: What is one of the advantages of
Q13: Which circumstance would cause a risk management
Q14: What is the purpose of the discovery
Q15: While negotiation can be used to resolve
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents