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 is when an asset (stocks, currencies, etc.) is bought in one market and sold in another for a higher price. Arbitrage can be defined as the concurrent purchase and sale of similar assets in different markets in order to take advantage of price differentials.Arbitrage is the strategy of taking advantage of price differences in different markets for the same asset. An arbitrage involves buying an asset on one market while simultaneously selling the same asset on another market for a higher price. Arbitrage in layman's terms is the possibility to make money with no risk. More specifically, it is the simultaneous purchase and sale of something. In finance, arbitrage refers to the simultaneous buying and selling of assets in a different market for profit. Arbitrage is a strategy that investors use while trading where they purchase an asset in one market and sell the same in a different market or stock exchange. However, the APT's concept of arbitrage is different from the classic meaning of the term. While getting into an arbitrage trade, the quantity of the underlying asset bought and sold should be the same.