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 With Reference In Michigan
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Multi-State
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US-00416-1
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A Practice Note explaining how to enforce arbitral awards in Michigan state and federal courts. Appellate Opinion Manual sets forth those standards observed in the editing of opinions for publication.(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. Arbitrage is when an asset (stocks, currencies, etc.) is bought in one market and sold in another for a higher price.