Arbitration is/are only possible when a(n) ___________ clause is in the contract binding both parties to it.
A) arbitration
B) benefits
C) negotiation
D) unions

Question

Quizplus · Accepted Answer

Arbitration is a dispute resolution process in which a neutral third party makes a binding decision. However, this process can only occur if there is an arbitration clause in the contract signed by both parties, stating that any disputes will be resolved through arbitration. Without this clause, parties could instead pursue other options such as negotiation or litigation. Therefore, the correct answer is A- arbitration.

Arbitration Is/are Only Possible When A(n) ___________ Clause Is in the Contract