Which of the following statements best represents the distinction between binding and nonbinding arbitration?
A) Unlike nonbinding arbitration, binding arbitration takes place at a court, in the presence of a judge.
B) Unlike binding arbitration, the decision and award of a nonbinding arbitration can be appealed to the courts.
C) A nonbinding arbitration takes place at a court, in the presence of the jury.
D) A nonbinding arbitration implies that the arbitrator's decision must be reinforced by the courts.

Question

Quizplus · Accepted Answer

Binding arbitration means the arbitrator's decision is final and cannot be appealed to the courts. Nonbinding arbitration, on the other hand, allows either party to reject the decision and take the case to court if they are not satisfied with the outcome. The other options are incorrect as they do not accurately represent the distinction between binding and nonbinding arbitration.

Which of the Following Statements Best Represents the Distinction Between