1.In the case of binding arbitration, which of the following isnottrue?

a. A party has the right to reject an unfavorable arbitration award and resort to judicial proceedings.

b. Arbitration awards are more final than a trial verdict and less likely to be reversed by an appeal process.

c. There are very narrow rights to set aside an arbitration award under arbitration statutes.

d. The arbitration award can be confirmed by a court and reduced to an enforceable judgment under arbitration statutes favoring resolution of disputes by arbitration.

2.In 2017, the federal Consumer Financial Protection Bureau (CFPB) issued a new Arbitration Agreements Rule restoring consumer rights to file or join group lawsuits even where a contrary arbitration provision is in place. Which of the following isnottrue about the CFPB Arbitration Agreements Rule?

a. It remains an available protection of the legal rights of consumers to utilize group claims to fight unlawful practices of financial sector businesses.

b. Financial sector businesses opposed the Arbitration Agreements Rule and used their political power to respond to its issuance.

c. In November of 2017, the president signed a joint resolution passed by Congress disapproving the Arbitration Agreements Rule under the Congressional Review Act (CRA) that rendered the Arbitration Agreements Rule of no force or effect.

d. All of these

3.Common elements of civil judicial proceedings involving commercial parties in state and federal courts donotinclude

a. procedural rules governing the litigation

b. constitutional protections

c. appellate rights

d. court-appointed legal counsel