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- Title
AWARD RENDERED UNDER MVAIC ENDORSEMENT FOR AN INADEQUATE AMOUNT CANNOT BE VACATED SINCE GROUNDS FOR VACATING AWARDS, SET FORTH IN CPLR §7511, ARE EXCLUSIVE.
- Abstract
This article focuses on the court ruling given in Torano v. Motor Vehicle Accident Indemnification Corp. (MVAIC) case. Award rendered under MVAIC endorsement for an inadequate amount cannot be vacated since grounds for vacating awards, set forth in CPLR 7511, are exclusive. Courts cannot exercise general power to grant equitable relief because of errors of fact or law. Moreover, partiality or equivalent misconduct on the part of the arbitrator could not be proven. The decision confirming the award was affirmed by a majority of four to three.
- Subjects
LEGAL judgments; MOTOR Vehicle Accident Indemnification Corp.; ACTIONS &; defenses (Law); ARBITRATION &; award; TRAFFIC accidents; ARBITRATORS
- Publication
Arbitration Journal, 1965, Vol 20, Issue 2, p125
- ISSN
0003-7893
- Publication type
Article