This arbitration agreement is executed contemporaneously with, and as an Inducement and consideration for, an Installment or sales contract for the purchase of a manufactured home. It provides that all claims or disputes arising out of or relating in any way to the sale, purchase, or occupancy of manufactured home resolved by binding arbitration administered by the American Arbitration Association ("AAA") under its Commercial Arbitration Rules. This Agreement is an election to resolve claims, disputes, and controversies by arbitration rather than the judicial process. The parties waive any right to a court trial.
Arbitrage pricing theory (APT) is an alternative to the capital asset pricing model (CAPM) for explaining returns of assets or portfolios. We often describe arbitrage as a strategy with no initial investment, no risk of a loss, and positive expected profit.A market model is arbitragefree if and only if it has a riskneutral probability measure. This is the fundamental theorem of asset pricing. First we need some definitions. The basic intuition that underlies valuation is the absence of arbitrage. If markets are complete, under no arbitrage there exists a unique valuation functional. • If markets are not complete, then there exists v ∈ RS with 0 = Xv. Proposition 2.10 of Tomas Bjork's "Arbitrage Theory in Continuous Time" states that if the general binomial model is free of arbitrage then it is also complete. Arbitrage pricing theory is a pricing model that predicts a return using the relationship between an expected return and macroeconomic factors.