Question

21.In the usual _______ procedure, parties select a disinterested and informed party or parties to sever as a referee to determine the merits of the case and make a judgment that both parties agree to honor. A) Arbitration B) Informal settlement C) Conciliation D) Litigation

Answer 1

Answer:

A) Arbitration

Explanation:

This statement most closely describes the process of arbitration.

Arbitration is a conflict-resolution technique that is widely used in legal settings. Arbitration allows parties to solve their disputes through the use of a third person. This person is a disinterested third party known as the arbitrator. The job of the arbitrator is to determine the merits of the case as well as come up with a decision that both parties agree to honor.