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 Definition In Michigan
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(b) "Arbitrator" means an individual appointed to render an award, alone or with others, in a controversy that is subject to an agreement to arbitrate. The prevailing party in an arbitration may need to enforce the arbitration award if the losing party fails to pay or voluntarily comply.Arbitration is the original "alternative dispute resolution" or "ADR" mechanism made legitimate under American law. Arbitrage is the simultaneous purchase and sale of the same asset in different markets in order to profit from a difference in its price. Arbitrage is a mathematical, data-driven strategy for making risk-free profits off the sportsbooks. Forprofit organization and world's largest provider of arbitration, mediation and other alternative dispute resolution (ADR) services. R s (Mi,r s −Mh,r s )Z.