_____ is the process of reaching a binding decision by a third party outside the courts.
A) Customization
B) Subsidization
C) Arbitration
D) Deregulation

Question

Quizplus · Accepted Answer

Arbitration is the process 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.

_____ Is the Process of Reaching a Binding Decision by a Third