In Which of the Following ADR Mechanisms, the Arbitrator's Award

question 69

Multiple Choice

In which of the following ADR mechanisms, the arbitrator's award is virtually final, and can be reviewed only by a court of law for reasons involving unconstitutionality, abuse, collusion, or fraud in the third party's decision?

• A) Conciliation
• B) Nonbinding arbitration
• C) Mediation
• D) Binding arbitration

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Definitions:

American Put Option

A type of options contract that gives the holder the right, but not the obligation, to sell a specified amount of an underlying asset at a predetermined price before or at a specified expiration date.