The Federal Arbitration Act provides that arbitration agreements concerning commerce are valid,irrevocable,and enforceable contracts unless some grounds exist at law or equity to revoke them.

Question

Quizplus · Accepted Answer

This statement accurately reflects the provisions of the Federal Arbitration Act, which establishes the enforceability of arbitration agreements in commercial disputes. There are limited circumstances under which an arbitration agreement may be challenged, such as if it was signed under duress or fraud, but absent such grounds, the agreement will generally be upheld.

The Federal Arbitration Act Provides That Arbitration Agreements Concerning Commerce