Why did the plaintiffs think they should not be bound by the arbitration clause?

Answered: Why did the plaintiffs think they…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Why did the plaintiffs think they should not be bound by the arbitration clause?

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Arbitration is a process that provides aid when the parties in a contract had disputes and are not able to resolve them at their individual level. Arbitration involves when both parties meet with a qualified arbitrator or a third party. The arbitrator functions similarly to a judge in a courtroom who listens to both the parties and decides on which party's argument has more worth and should prevail.

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