Cornel and Deanna resolve their dispute over the subsidence of Cornel's real property due to Deanna's excavation for an irrigation pond by having a neutral third party render a binding decision. This is
A) arbitration.
B) conciliation.
C) intervention.
D) rendition.

Question

Quizplus · Accepted Answer

Arbitration is the process of having a neutral third party (arbitrator) render a binding decision on a dispute between two parties. This process is commonly used in situations where the parties have agreed to arbitration as a means of resolving their dispute, such as in contracts or real estate transactions.

Cornel and Deanna Resolve Their Dispute Over the Subsidence of Cornel's