According to the Federal Arbitration Act:
A) parties must always use arbitration before going to court
B) arbitration is not recognized by the government
C) arbitration is allowed only for claims under $75,000
D) arbitration must be pre-approved by a court
E) courts must uphold agreements to arbitrate

Question

Quizplus · Accepted Answer

The Federal Arbitration Act requires courts to uphold agreements to arbitrate, meaning parties can choose to use arbitration instead of going to court. It does not require parties to always use arbitration or limit arbitration to claims under a certain amount. It also does not require pre-approval by a court.