Which of the following statements is true about an award in arbitration?
A) An arbitrator's decision is called an award only if monetary compensation is given.
B) An arbitrator must cite precedents for the award.
C) An award does not have to state any findings of fact or conclusions of law.
D) An arbitrator strictly applies a rule of law while arriving at a decision.
C
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Which of the following statements is FALSE?
A) While debt itself may be cheap, it increases the risk and therefore the cost of capital of the firm's equity. B) Although debt does not have a lower cost of capital than equity, we can consider this cost in isolation. C) We can use MM Proposition I to derive an explicit relationship between leverage and the equity cost of capital. D) The total market value of the firm's securities is equal to the market value of its assets, whether the firm is unlevered or levered.
Collection float is the amount of time it takes for a firm to be able to use funds after a customer has paid for its goods
Indicate whether this statement is true or false.