Cengage Advantage Books: Business Law 9th Edition by Arnold Goldman ,William Sigismond

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Two competing companies that manufactured pool tables and swimming pools had a disagreement over whether one of them had engaged in false and deceptive advertising. They both agreed to bring the case to binding arbitration using only one arbitrator. Following the arbitration hearing, the losing party claimed that the award confirmed as a court judgment was not binding because there was no trial by jury. Is the losing party correct?