In a typical ________ procedure, parties select a disinterested and informed party or parties to serve as a referee to determine the merits of the case and make a judgment that both parties agree to honor under the law.
A) arbitration
B) informal settlement
C) conciliation
D) litigation
E) coercion

Question

Quizplus · Accepted Answer

Arbitration is a procedure where a dispute is submitted, by agreement of the parties, to one or more arbitrators who make a binding decision on the dispute. In choosing arbitration, the parties opt for a private dispute resolution procedure instead of going to court.

In a Typical ________ Procedure, Parties Select a Disinterested and Informed