Asked by Debbie Annang on Jun 06, 2024
Verified
Which statement does not apply to arbitration of a contractual dispute?
A) Arbitration clauses are contained in a contract.
B) Arbitration is mandated by provincial statute.
C) Agreements often specifically provide that the arbitration proceedings are confidential.
D) Arbitration is a quicker way of resolving disputes.
E) Arbitration decisions do not form part of the Common Law.
Common Law
A body of legal rules derived from judicial decisions of courts and similar tribunals, as opposed to statutes passed by legislatures.
Arbitration Clauses
Provisions within a contract that require disputes to be resolved through arbitration rather than in court.
- Comprehend the process and implications of arbitration in contractual disputes.
Verified Answer
VD
Valerjr DotvenJun 10, 2024
Final Answer :
B
Explanation :
Arbitration is typically chosen by the parties involved and included as a clause in their contract; it is not mandated by provincial statute, which would imply a legal requirement for arbitration in all contractual disputes regardless of the parties' agreement.
Learning Objectives
- Comprehend the process and implications of arbitration in contractual disputes.