Milkmen Corp.,a dairy product manufacturer,faces issues on various fronts like accounting discrepancies,use of preservatives,and retailer relations.Which of the following processes is Milkmen Corp.most likely to choose if it intends to settle the issues using a relatively quick and inexpensive resolution system?

Question

Quizplus · Accepted Answer

The Federal Arbitration Act (FAA) covers any arbitration clause in a contract that involves interstate commerce. The FAA provides that arbitration agreements "shall be valid, irrevocable, and enforceable, save upon such grounds as exist at law or in equity for the revocation of any contract."