Holt and Collins Decide to Have Their Dispute Arbitrated by Corrales

question 26

Multiple Choice

Holt and Collins decide to have their dispute arbitrated by Corrales. Which of the following will NOT be a result of the arbitration?

• A)Corrales will render a binding decision.
• B)Holt and Collins will not have the chance to present their cases.
• C)Holt and Collins give up the right to discovery.
• D)Corrales need not give reasons for the decision.

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Definitions:

Major Difficulties

Challenges or obstacles of significant magnitude that impede progress or achievement.

Terminated

Ended or concluded, often referring to contracts, employment, or agreements.

Contractual Obligations

Specific duties or tasks that parties are bound to perform under a contract.

Specific Subject Matter

The particular focus or theme of a legal document, agreement, or discussion.