* Question 1
2 out of 2 points | | | An arbitrator's error in judgment is sufficient to provide a basis for overturning an award. | | | | | Selected Answer: | False | | | | | * Question 2
2 out of 2 points | | | Berle, a dairy farmer, and Clover Creamery, Inc., are engaged in court-annexed arbitration proceedings. The award will be binding on | | | | | Selected Answer: | neither Berle nor Clover. | | | | | * Question 3
2 out of 2 points | | | Shelly and Tom disagree over the amount of money due under their contract. To avoid involving any third party in a resolution of the dispute, Shelly and Tom might prefer to use the alternative dispute resolution method of | | | | | Selected Answer: | negotiation. | | | | | * Question 4
2 out of 2 points | | | In Brower v. Gateway Computer, the issue involved the enforcement of a mandatory and binding arbitration agreement pertaining to disputes between Gateway and its customers. With regard to the agreements enforcement, the court determined that: | | | | | Selected Answer: | because the mandatory fee required by the arbitration forum exceeded the cost of most of Gateway's products, the prohibitive cost of arbitration made the arbitration unfair and biased toward Gateway and therefore nullified the arbitration clause. | | | | | * Question 5
2 out of 2 points | | | Fact Pattern 3-1A
Organico Café, Inc., and Pleasant Valley Farm Corporation dispute a term in their contract.

Refer to Fact Pattern 3-1A. Resolving the dispute between Organico and Pleasant Valley by having a neutral third party render a binding decision is one of the advantages of | | | | | Selected Answer: | arbitration. | | | | | * Question 6
2 out of 2 points | | | Which of the following is not required in order to show standing to