Binding arbitration to resolve the dispute

Assignment Help Financial Management

Reference no: EM131938584

Wendell and Langdon signed a business contract with a clause that provides that if a dispute arises they will submit to binding arbitration to resolve the dispute. After they had been doing business together for a year, a dispute arose under the terms of the contract. Rather than submit to arbitration, Wendell filed a lawsuit against Langdon. Most likely the court will:

A. Hear the lawsuit in a trial, and then compel Wendell to submit to arbitration, if appropriate under the circumstances.

B. Hear the lawsuit because Wendell cannot be compelled to submit to arbitration as that would be a violation of his constitutional rights; he is entitled to a jury trial upon request.

C. Require Wendell to submit to arbitration to resolve the dispute.

D. Require Wendell and Langdon to enter into mediation to reach an agreement.

Reference no: EM131938584

Questions Cloud

Both parties signed the contract with electronic signatures : Cable Corp. contracted online to buy several TV movies from Movies, Inc. Both parties signed the contract with electronic signatures. This contract is probably.

When bank relies on policy of purchased liquidity : When a bank relies on a policy of "purchased liquidity," it will generally be using more expensive funds.

Both computers and management knew at the time the contract : Both Computers and Management knew at the time the contract was formed that the business and land were actually worth $1,000,000.

Requests for funds under existing loan commitments : CSUN National Bank is experiencing an unexpected and large number of requests for funds under existing loan commitments.

Binding arbitration to resolve the dispute : Wendell and Langdon signed business contract with clause that provides that if dispute arises they will submit to binding arbitration to resolve the dispute

The production of grain on the farm : Farmer grows grain on his farm in Nebraska for feed for the chickens that he raises on that same farm. The production of grain on the farm:

Manufactured headache pain relief drug : Park Pharmaceuticals, Inc. manufactured a headache pain relief drug that was marketed under the trade name, Free.

Impact of overall economic changes : New debt, capital expenditures, etc., or was it just the impact of overall economic changes?

Main premise of time value of money principle : The quote from the book, "A dollar today is worth more than a dollar a year from now", is the main premise of the Time Value of Money (TVM) principle.

User Account

All Pages