Which of the following is true with regard to arbitration?

Question

Quizplus · Accepted Answer

All of these options are correct. Arbitration is a less formal process than litigation, and thus, less formal evidentiary rules typically apply at arbitration hearings. Arbitrators enter awards, which are decisions made after the arbitration process has been completed. Additionally, the parties typically agree to be bound by the arbitrator's decision and award, meaning that they will abide by the outcome decided by the arbitrator.

Which of the Following Is True with Regard to Arbitration