Understanding Arbitration: An Alternative to Trial

Understanding Arbitration: An Alternative to Trial

Assessment

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Business, Social Studies

University

Hard

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Arbitration is a form of alternative dispute resolution, serving as an alternative to trial. Parties may enter arbitration either mandatorily by statute or voluntarily through agreements. Instead of litigating, they submit disputes to an arbitrator who makes a decision, resolving the issue and issuing an arbitration award.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is arbitration primarily considered as?

A legal requirement

An alternative dispute resolution

A type of negotiation

A form of trial

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can parties enter into arbitration?

Through a court order

Through a public vote

By mutual agreement or statutory requirement

By a jury decision

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do parties do instead of litigating a case?

Submit their dispute to a judge

Submit their dispute to an arbitrator

Submit their dispute to a mediator

Submit their dispute to a jury

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who acts as the decision-maker in arbitration?

A jury

A lawyer

A judge

An arbitrator

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the outcome of an arbitration process?

A court ruling

A jury verdict

A mediation agreement

An arbitration award