Ahmed and Jerry enter into a business agreement to assemble and sell prepackaged salads.In their written agreement,both agree that they will be required to settle all disputes through arbitration.Which of the following statements is true of this situation?
A) This case is an example of a mandatory arbitration clause.
B) This case is an example of a voluntary arbitration clause.
C) This case is an example of a caucus arbitration agreement.
D) This case is an example of a court-annexed arbitration clause.
E) This case is an example of a postdispute arbitration agreement.

Question

Quizplus · Accepted Answer

This case is an example of a voluntary arbitration clause. Agreements to voluntarily arbitrate come in two basic forms-a predispute arbitration clause and a postdispute arbitration agreement.

Ahmed and Jerry Enter into a Business Agreement to Assemble