Author Question: Ellen contracts with James to be her stockbroker, making stock trades for Ellen's account. Ellen ... (Read 363 times)

laurencescou

  • Hero Member
  • *****
  • Posts: 593
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. If Ellen and James did mediate this dispute, their mediator:
 a. would have to be an attorney
  b. would have to represent one of them c. could be anyone at all, in any state
  d. might have to be professionally trained
  e. must be professionally trained according to federal law

Question 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. If Ellen and James were to mediate their dispute, rather than arbitrate (assume this is ok), what would they need to do?
 a. select a mutually agreed upon mediator b. present their dispute to a court
  c. get a court to select an arbitrator
  d. nothing besides sitting down together
  e. prepare a brief for consideration of a panel



meryzewe

  • Sr. Member
  • ****
  • Posts: 346
Answer to Question 1

a

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

For a complete list of videos, visit our video library