Asked by Yakelin Zamora on Jun 12, 2024
Verified
Because the courts have defined interstate commerce broadly, arbitration agreements only slightly connected to interstate commerce may be enforced.
Interstate Commerce
Commercial transactions or movement of goods and services across state lines, regulated by federal laws.
Arbitration Agreements
Legal contracts in which parties agree to resolve disputes through arbitration rather than through court litigation.
- Comprehend the significance and impact of interstate commerce on arbitration agreements.
Verified Answer
LS
Lesley SanchezJun 12, 2024
Final Answer :
True
Explanation :
The courts have interpreted the Federal Arbitration Act (FAA) broadly, meaning that arbitration agreements that have even a minimal connection to interstate commerce can fall under its purview and thus be enforced.
Learning Objectives
- Comprehend the significance and impact of interstate commerce on arbitration agreements.