Practice question
A bylaw arbitration agreement is otherwise within Section 181 but omits both the number of arbitrators and appointment procedure. The corporation says neither is required. Which is correct?
- Any one-word arbitration reference satisfies every condition
- The directors automatically become all arbitrators
- Only the claimant may appoint a secret tribunal
- The Code forbids defining appointment procedure
- Section 181 requires those specifications for enforceability
Legal references
- RA 11232: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/86463; Sections 46,181.
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