Which of the following statements is true about the arbitration procedure?
A) When one party seeks to enforce an arbitration clause, it must give notice to the other party.
B) In the event of nonbinding arbitration, the decision and award of the arbitrator cannot be appealed to the courts.
C) In the event of binding arbitration, the decision and award of the arbitrator can be appealed to the courts.
D) No new evidence, witness, or testimony can be introduced during the arbitration procedure.

Question

Quizplus · Accepted Answer

Arbitration procedures typically require that when one party seeks to enforce an arbitration clause, they must give notice to the other party. This ensures both parties are aware of the move to arbitration and can prepare accordingly.

Which of the Following Statements Is True About the Arbitration