Two people seek a third party to assist with a conflict.The third party is not affiliated with the legal system,but is an expert in the area of conflict.Both parties previously agreed to abide by the third party's decision.What type of negotiation is taking place?
A)arbitration
B)litigation
C)mediation
D)none of the above

Question

Quizplus · Accepted Answer

In arbitration, a third party makes a binding decision on the outcome of the conflict. Both parties have agreed to abide by the decision of the third party, and the third party is an expert in the area of conflict. This scenario fits the definition of arbitration. Litigation involves bringing the conflict to court, while mediation involves a third party facilitating a discussion between the parties but does not make a binding decision.

Two People Seek a Third Party to Assist with a Conflict.The