Arbitration Is an Agreement to Bring in an Impartial Third

question 28

True/False

Arbitration is an agreement to bring in an impartial third party to render a binding decision in a labor dispute.

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Definitions:

General Public

The broad group of people who are not segmented by any particular category or classification.

Subjective Standard

A legal or evaluative criteria based on personal opinions, feelings, or perspectives, rather than objective, measurable factors.

Requisite Intent

The necessary state of mind or intention required by law for a person to be held legally responsible for his/her actions.

Contract

A legally-binding agreement between two or more parties that outlines obligations and benefits for each party.