Multiple Choice
Fact Pattern 3-2
Ellen contracts with James to be her stockbroker, making stock trades for Ellen's account. Ellen need not pre-approve the trades that James makes, only trades for more than $20,000. Ellen and James include a clause stating "that in case of any disputes arising out of this contract; the dispute shall be arbitrated using the rules of the New York Stock Exchange."
Ellen learns that since signing her contract with James, he has routinely been making trades worth more than $20,000 without her permission, and losing money.
-Refer to Fact Pattern 3-2. After presenting her evidence at arbitration, Ellen is quite happy when they decide that, in fact, James has violated his contractual obligations to her, and owes her damages. Any damages that Ellen wins are known as:
A) an award
B) a judgment
C) an exaction
D) a presentation
E) a collection
Correct Answer:

Verified
Correct Answer:
Verified
Q54: Fact Pattern 3-2<br>Ellen contracts with James to
Q55: If a defendant files a claim against
Q56: The judge's temperament, the complexity of the
Q57: An arbitral hearing is:<br>A) conducted according to
Q58: The general rule is that a party
Q60: As a practical matter, when a party
Q61: Following service of the plaintiff's complaint, defendant
Q62: Attorneys generally have the right to challenge
Q63: SBD Kitchens and a client, Jefferson, got
Q64: Nominal damages are damages that are awarded