When a Losing Party in an Arbitration Proceeding Makes Allegations

question 88

Multiple Choice

When a losing party in an arbitration proceeding makes allegations of bias against an arbitrator,the allegations __________.

• A) automatically nullify a panel's opinion
• B) normally do not affect the results of arbitration
• C) result in a judge overturning the opinion
• D) normally remove that arbitrator's opinion from the results of the arbitration
• E) normally set off a new round of litigation

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Definitions:

Wealthiest Fifth

Refers to the top 20% of individuals or households in terms of wealth or income distribution in a given population.

Lorenz Curve

A graphical representation of the distribution of income or wealth within a society, demonstrating the degree of inequality.

Equally Distributed

A distribution paradigm where resources, wealth, or opportunities are evenly shared among all members of a society or group.

45 Degree Line

A reference line in economic graphs that represents where the value of the independent variable is equal to the value of the dependent variable.