Contracts
A South Carolina contract clause that states 'buyer and seller agree to resolve disputes through binding arbitration' is:
AIllegal under SC law
BAn arbitration clause, which is generally enforceable✓ Correct
COnly enforceable if the dispute exceeds $10,000
DRequired in all residential contracts
Explanation
Arbitration clauses are generally enforceable in South Carolina. They require parties to resolve disputes through arbitration rather than litigation, which can be faster and less costly.
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