Although we decrease to achieve the merits of Harris’s argument that the contract is usurious, we also disagree with E-Z money’s assertion that the FAA governs this instance.

the usa Supreme Court in Southland Corp. v. Keating, 465 U.S. 1, 104 S.Ct. 852, 79 L.Ed.2d 1 (1984), held that the FAA might be applicable both in state and federal courts. Here, however, the arbitration contract beneath the heading “Assignment and range of Law” particularly states: “We may designate or move this contract or any one of our legal rights hereunder. This contract will likely be governed by the guidelines for the State of Arkansas, including without limitation the Arkansas Arbitration Act.” In Volt Info. Sciences, Inc. v. Board of Trustees of Leland Stanford Junior Univ., 489 U.S. 468, 109 S.Ct. 1248, 103 L.Ed.2d 488 (1989), the usa Supreme Court held that application for the FAA can be avoided where in actuality the events consent to arbitrate according to state legislation. Properly, Arkansas law, like the Arkansas Uniform Arbitration Act, governs the problem in front of you. Read more