The Approach Used by Arbitrators to Render a Decision Wherein

question 9

Multiple Choice

The approach used by arbitrators to render a decision wherein the arbitrator follows the sequence of events and explains what happened in "the story" and what should have happened is called the:

• A) Classic approach.
• B) Summation approach.
• C) Past practice approach.
• D) Novel approach.
• E) Narrative story-telling approach.

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Definitions:

Lost or Damaged Property

Property that cannot be located or has been harmed, reducing its value or functionality, potentially involving claims of compensation.

Special Types of Bailments

Special Types of Bailments refer to bailments formed under specific circumstances, often involving a special form of care or obligation, such as bailments for repair, storage, or transport of goods.

Extraordinary Duties

Obligations that go beyond the normal responsibilities typically expected in a scenario or role, especially in legal or moral contexts.

Bailments

The giving of possession of goods or property by one individual (the bailor) to another (the bailee) for a specific purpose, with the agreement that the goods will be returned.