Which of the Following Statements Is NOT TRUE with Respect

question 4

Multiple Choice

Which of the following statements is NOT TRUE with respect to arbitration proceedings?

• A)Arbitration proceedings normally take more time than the it does to litigate a matter in the regular court system
• B)An arbitrator's decision is binding and can be enforced as a court judgment
• C)Arbitration proceedings are normally conducted without many of the procedural requirements of a formal trial.
• D)An arbitrator must be neutral
• E)Arbitration proceedings are often chosen as an alternative to having a dispute become subject to a foreign legal system

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Definitions:

Tenancy for Years

A lease agreement that lasts for a specific and fixed period, after which it automatically ends without the need for notice.

Duration

The time period for which something lasts or is intended to last.

Notice to Terminate

A formal notification, often in writing, informing one party of the other party's intention to end an agreement or contract at a specified time.

License

A permit or authorization granted by an authority to engage in a particular activity or to use a particular property.