Review Under the Federal Arbitration Act

The video explains the Federal Arbitration Act (FAA) and its application in federal disputes. It outlines the arbitration process, including the rights of parties to accept or reject an arbitrator's award. If rejected, parties may proceed to court, but certain arbitration information may be used in court. The court can affirm the arbitrator's award, giving it legal force. There are specific timeframes for affirming or challenging the award, ensuring procedural compliance.

What is the primary purpose of the FAA in arbitration?

• To enforce state laws

• To ensure all disputes are resolved in favor of the government

• To protect constitutional rights and allow acceptance or rejection of arbitration

• To eliminate the need for court trials

What can parties do if they reject the arbitrator's award under the FAA?

• They must accept the award regardless

• They can go to trial and sue on the matter

• They can appeal to a higher arbitrator

• They can request a new arbitration

What happens if a party rejects the arbitrator's award and does not achieve a more favorable outcome in court?

• They are exempt from court costs

• They must pay the court costs

• The case is dismissed

• The arbitrator's award is automatically enforced

Within what time frame must a party affirm an arbitrator's award under the FAA?

• Within 30 days

• Within 60 days

• Within a year

• Within 90 days

How long does a party have to challenge an arbitrator's award after arbitration ends?

• 120 days

• 90 days

• 60 days

• 30 days