When Can an Arbitration Award Be Set Aside

question 83

Multiple Choice

When can an arbitration award be set aside?

• A) If the parties do not like the outcome of the arbitrator's award.
• B) If the award resulted from fraud, corruption or the arbitrator misbehaved in a way that prejudiced the rights of the parties.
• C) If the courts do not like the arbitrator that the parties picked.
• D) If the arbitrator was a lawyer and not a judge.
• E) If the arbitrator was a judge and not a lawyer.

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Definitions:

Key Source Of Energy

A principal resource or input that provides power or vitality, often in the form of fuel, electricity, or nutritional calories.

External Party

Individuals or groups outside of an organization or system that can affect or be affected by the organization's activities.

Organization's Members

Individuals who are part of a group, company, or institution and contribute to its culture, goals, and activities.

Potential Value

The inherent or future worth that can be derived from an asset, individual, or idea, based on its possible benefits or outcomes.