FACT SCENARIO:

You own the ABC bicycle manufacturing company. You entered into a written contract with the XYZ corporation to deliver 1,000 bicycle seats by a certain date.The XYZ corporation failed to deliver the bicycle seats.Because of the failure to deliver the seats, you were not able to deliver completed bicycles to your retailers and your company has lost those sales!

Note: The written agreementyou signed / entered into with the XYZ corporation has aBINDING ARBITRATION clause.

You lost a good deal of money because you were unable to deliver the bicycles to your customers - now you would like to be compensated for your losses!

Answer the following Questions based on the Fact scenario above:

1. You would like to take this matter to court and sue the XYZ corporation for damages!Can you?DISCUSS -Not a simple Yes or No Answer!

2. Assuming you go to Arbitration and the arbitrator rules in favor of the XYZ Corporation. You feel the arbitrator did not listen to you and now you wish to file a court action and / or appeal against the XYZ corporation in court.CAN YOU? What is the legal basis, if any, allowing you to appeal an arbitrator's ruling?

Kindly provide complete explanation if possible.