Which of the following is true in regard to precedent in relation to law in general and arbitration?
A) Like the law in general,the law governing arbitration agreements is not a fixed set of rules or precedents.
B) Both the law in general and the law of arbitration have a fixed set of precedents except in the area of consumer law in which there is no fixed set of law or precedents.
C) Law in general has a fixed set of rules or precedents,but the law governing arbitration is not a fixed set of rules or precedents.
D) Unlike the law in general,the law governing arbitration agreements is a fixed set of rules or precedents.
E) Both the law in general and the law of arbitration operate within a fixed set of rules and precedents.
Correct Answer:
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