Joe and Stan are neighbors. Joe wants to put up a fence around his property but a cherry tree resides directly on the property line. Because they cannot agree on what to do, they sought out a neutral third party to make the decision for them. This is an example of

Question

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Arbitration involves a neutral third party making a binding decision to resolve a dispute, which is what Joe and Stan are seeking for their disagreement over the cherry tree.

Joe and Stan Are Neighbors