The Decision Issued by an Arbitrator Is Binding Upon the Parties

question 12

True/False

The decision issued by an arbitrator is binding upon the parties.

---

Definitions:

Property

Physical or intangible assets owned by an individual or business, including land, buildings, and intellectual property.

Residential Rental Property

Real estate property that is used for housing tenants and includes houses, apartments, and townhouses.

Nonresidential Real Property

Property used for business purposes, excluding those properties used for living accommodations.