BSLWhw3 - 3-3 Two brothers, both of whom are certified...

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3-1 In an arbitration proceeding, the arbitrator need not a judge or eye a lawyer. How, then, can the artitrator’s decision have the force of law and be binding on the parties involved? Before arbitration, both parties sign contracts agreeing to abide by the arbitrator's decision. If someone attempts to bring suit in court about the subject matter decided in arbitration, the court will refuse to hear the case, since it is already decided. Generally, the parties agree to the arbitrator, or forum and that the arbitrator's decision will be binding. It may have even been agreed to in the contract that is in issue prior to there ever being a dispute.
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Unformatted text preview: 3-3 Two brothers, both of whom are certified public (CPAs), form a professional association to provide tax-accounting services to the public. They also agree, in writing, that any disputes that arise between The court should set the award aside because an arbitrator is supposed to be disinterested in both parties and the case 3-4 If the court is convinced that the father erred in the calculations, should the award be set aside? Why? Yes, because the error was a gross error....
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This note was uploaded on 01/25/2010 for the course BSLW 265 taught by Professor Barton during the Fall '09 term at Montclair.

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