Reference no: EM131462193

1. Which of the following is true in regard to precedent in relation to law in general and arbitration?

Like the law in general, the law governing arbitration agreements is not a fixed set of rules or precedents.

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.

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.

Unlike the law in general, the law governing arbitration agreements is a fixed set of rules or precedents.

Neither the law in general nor the law of arbitration has a fixed set of precedents.

2. Which of the following is true regarding the Uniform Mediation Act?

It does not provide for a mediation privilege but does specifically require that mediators identify conflicts of interest, and all states have adopted it.

There is no Uniform Mediation Act because of the controversy involved in attempting to negotiate such an act.

It provides for a mediation privilege, mediators are required to identify any conflicts of interest, and less than half the states have adopted it.

It provides for a mediation privilege but does not specifically require that mediators identify conflicts of interest, and less than half the states have adopted it.

It provides for a mediation privilege but does not specifically require that mediators identify conflicts of interest, and all states have adopted it.