Which of the Following Statements About Arbitration Is TRUE

question 23

Multiple Choice

Which of the following statements about arbitration is TRUE?

• A) It is the first and oldest of the alternative procedures
• B) It is the procedure whereby parties in dispute refer the issue to a third party for resolution, rather than taking the case to the ordinary law courts
• C) The decision of the third party is not binding
• D) Section 1 of the Arbitration Act (AA) 1996 states the principles for which arbitration is found
• E) Where the parties agree to an arbitration procedure which is in writing, that procedure will be operative, even though the agreement between the parties is not itself in writing

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