Using binding arbitration as alternative to civil court

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Reference no: EM131762609

One year ago you entered into a written contract with the ABC company. The ABC company has breached the contract with you. Because of the breach, you have sustained monetary losses. You want to sue the ABC company in court to recover your losses; however, the contract you entered into / signed has a Binding Arbitration clause.

ANSWER ALL PARTS OF THIS QUESTION:

NOTE - Break down your Answers into three (3) parts - A, B, C - do not simply answer all the questions in one paragraph.

A. Can you ignore the Binding Arbitration clause and take/sue the breaching party / ABC company in civil court. Not a simple Yes or No Answer please! Briefly Explain your answer

B. You decide to go to arbitration; however, you're unsuccessful with your argument in front of the arbitrator. The arbitrator ruled in favor of the ABC company. You feel the arbitrator never read any of the documents you submitted and did not correctly apply the principles of contract law. What basis, if any, can you file an appeal of the arbitrator's decision in civil court? Briefly, Explain your answer

C. Briefly, explain Three (3) Advantages - and - Three (3) Disadvantages of using Binding Arbitration as an alternative to civil court. Explain

Reference no: EM131762609

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