Ernst v. McDowell

Citations

• 33 Ohio C.C. Dec. 91
• 18 Ohio C.C. (n.s.) 360
• 1911 Ohio Misc. LEXIS 262

Syllabus

<p>ARBITRATION AND AWARD</p> <p>1. Declaration that Party Will not Stand.by Award does not Amount to Revocation.</p> <p>The mere declaration of a party to an arbitration agreement, communicated to one or more of the arbitrators, that he will not stand by any decision they may make, is not alone sufficient to revoke the agreement to arbitrate.</p> <p>2. Parol Award Sufficient, When.</p> <p>If the arbitration submission does not expressly direct that the award be in writing, an oral award is sufficient, there being no statute requiring a written award.</p> <p>3. Creditor of Party not Disqualified to Act as Arbitrator.</p> <p>The mere fact that one of the arbitrators named in an arbitration agreement is a creditor of one of the parties to it, is not sufficient to disqualify the arbitrator from serving as such and does not, of itself, require that the award made be set aside.</p>