Khalil and Jasmin sign a prenuptial agreement that provides for any dispute to be arbitrated according to Islamic law. When a dispute arises over the parties' marital property in Iowa, Jasmin files a suit in an Iowa state court to contest the arbitration provision. According to rulings in other states' courts in similar cases, the provision will most likely be
a. enforced.
b. rewritten to remove the Islamic law clause.
c. struck down as outside the common legal framework of our society.
d. suspended while the court considers an equitable result.
a
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In a nonconsumer transaction, a holder in due course takes the instrument free from:
a. only personal claims. b. all defenses of any party with whom he has not dealt, except for a limited number of defenses that are available against anyone, including a holder in due course. c. the defense of incapacity, duress, or illegality that renders the obligation void. d. no claims.
The employee's contribution to a nonqualified pension plan cannot be deferred, and the employer is not allowed a tax deduction for the contribution even though the employee includes the contribution in their income
a. True b. False Indicate whether the statement is true or false