Asked by Kaitlyn Munger on Jun 13, 2024
Verified
The Federal Arbitration Act (FAA)is designed to make certain that properly initiated arbitration agreements will be enforced by the courts.
Federal Arbitration Act
A U.S. federal law enacted in 1925 that provides for contractual agreements to arbitrate disputes rather than litigate them in courts.
Arbitration Agreements
Legal contracts that require parties to resolve disputes through arbitration rather than litigation.
Courts
Judicial tribunals that meet in a regular place and apply the law in an attempt to settle disputes by weighing the arguments presented by advocates for each party.
- Understand the enforceability of arbitration agreements under the Federal Arbitration Act (FAA).
Verified Answer
Learning Objectives
- Understand the enforceability of arbitration agreements under the Federal Arbitration Act (FAA).
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