Which of the following is true regarding the decision reached by the arbitrator in the case of binding arbitration?
A) The decision need not be consistent with the concept of stare decisis.
B) For binding agreements the arbitrator should be a lawyer.
C) The decision can be reviewed if the parties do not like the decision.
D) The decision reached by the arbitrator is known as an endorsement.

Question

Quizplus · Accepted Answer

There is generally no requirement that an arbitrator be a lawyer or have any legal training, or that their awards be consistent as with the concept of stare decisis and precedent as in legal cases.

Which of the Following Is True Regarding the Decision Reached