Business Law Case Brief Essay Example | Topics and Well Written Essays - 500 words

Business Law Case Brief - Essay ExampleKaren Howsam had a right to choose the umpire. Karen Howsam decided to forward the case to the national standstill of security dealers for arbitration. NASDS codes of the allowed arbitration procedure stipulate that no dispute is eligible for submission once there is a lapse of six years. The plaintiff, doyen Witter Reynolds, filed a complaint to the federal district court asking the court to declare the case ineligible. Dean Witter further asked the court to block the defendant Karen Howsam from file for arbitration. He cited the lapsed six years as a basis for the illegibility.On the appeal of the case, the court of appeal looked into the district court ruling that they had no right to interpret and apply the existing NASD obtain. The court of appeal for the tenth circuit reversed the district court rule. It stated that the case had abitrability concept, and the court had a right to rule on the time plant provision. They held that the arbi trator had to apply the time limit rule in the underlying dispute.According to Henry (2009), the arbitrator may decide on cases that are substantive in their nature while the court rules on cases that are procedural. The court ordinarily may rule on the question of abitrability. Justice Stephen G Beyer delivered the ruling based on the opinion of various judges. The judges agreed that the NASD rule on the time limit was a matter to be decided on by the arbitrator presumptively. The issue did not raise a question of abitrability that could call for resolving by the judiciary. NASDs time limit rule falls within a class of the gateway procedural disputes that do not present abitrability.The question of abitrability discharge only be ruled by the judiciary unless the parties have a provision stating clearly otherwise. It has a limited scope and, can only be applicable in few circumstances where the contracting partys would have