Arbitration Differs from Litigation in Which of the Following Ways

question 41

Multiple Choice

Arbitration differs from litigation in which of the following ways? Arbitration lacks many of the procedural rules of a court proceeding.

• A)Decisions of an arbitrator, unlike a judgement of a court, are never binding on the parties.
• B)Arbitration is normally faster and cheaper than having a trial.
• C)Both A and C
• D)All of the above

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Definitions:

Horse Boarding

Horse Boarding is a service provided by stables and farms where they offer shelter, care, and feeding of horses for their owners against a fee.

Credit Memorandum

A document issued to a customer by a seller, crediting the customer's account due to a return of goods or an overcharge.

Customer Allowance

A reduction in the selling price of goods or services, often granted to rectify complaints or fulfill contractual agreement terms.

Sales Discount

A reduction in the price of goods or services offered to customers, typically to prompt early payment or promote sales.