Who Makes Binding Decisions Between Disputants During Arbitration

question 34

Multiple Choice

Who makes binding decisions between disputants during arbitration?

• A)a third party
• B)the disputants
• C)permanent members of the Security Council
• D)citizens in a referendum

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Definitions:

Time Instrument

A type of draft that allows the payee to collect payment only at a specific time in the future.

Expressed Due Date

The specific date mentioned in a contract or agreement by which a task must be completed or a payment must be made.

Overdue

Referring to a payment, task, or other obligation not completed or submitted by its expected or agreed-upon deadline.

Fraud

A deliberate deception intended to secure an unfair or unlawful gain.