The most common form of alternative dispute resolution in commercial disputes is:
A)Arbitration.
B)Conciliation.
C)Mediation.
D)Private judging.

Question

Quizplus · Accepted Answer

Arbitration is the most common form of alternative dispute resolution in commercial disputes, as it allows the parties to resolve their disputes in a private and confidential manner, without the need to go to court. In arbitration, a neutral third party (the arbitrator) hears both sides of the dispute and makes a decision that is binding on both parties. Conciliation and mediation are other forms of alternative dispute resolution, but are less commonly used in commercial disputes. Private judging is a relatively new form of alternative dispute resolution that is similar to arbitration, but involves the parties selecting a private judge to hear their case rather than using an arbitrator.

The Most Common Form of Alternative Dispute Resolution in Commercial