Fact Pattern 3-2
Ellen contracts with James to be her stockbroker, making stock trades for Ellen's account. Ellen need not pre-approve the trades that James makes, only trades for more than $20,000. Ellen and James include a clause stating "that in case of any disputes arising out of this contract; the dispute shall be arbitrated using the rules of the New York Stock Exchange."
Ellen learns that since signing her contract with James, he has routinely been making trades worth more than $20,000 without her permission, and losing money.
-Refer to Fact Pattern 3-2. After presenting her evidence at arbitration, Ellen is quite happy when they decide that, in fact, James has violated his contractual obligations to her, and owes her damages. Any damages that Ellen wins are known as:
A) an award
B) a judgment
C) an exaction
D) a presentation
E) a collection
Correct Answer:
Verified
Q477: Unlike arbitrators, mediators:
A) can impose decisions on
Q478: Negotiated settlements are usually:
A) contracts enforced by
Q479: Negotiation is always:
A) compulsory
B) voluntary
C) very formal
D)
Q480: In mediation, which of the following activities
Q481: Fact Pattern 3-1
Amanda is a twenty-four year
Q483: Collecting information, outlining key issues and encouraging
Q484: Fact Pattern 3-1
Amanda is a twenty-four year
Q485: Fact Pattern 3-1
Amanda is a twenty-four year
Q486: Fact Pattern 3-1
Amanda is a twenty-four year
Q487: Fact Pattern 3-2
Ellen contracts with James to
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