Walter received and considered submissions from both parties involved in a commercial dispute.He will deliver his decision shortly.In accordance with the terms of the contract governing the disputing parties' relationship,they are bound to comply with that decision.Which of the following correctly identifies the role Walter has played in providing a resolution to this commercial dispute?

Question

Quizplus · Accepted Answer

Walter is an arbitrator. An arbitrator is a neutral third party who is selected by the disputing parties to hear their case and make a binding decision. This differs from a mediator who helps parties reach a mutually agreeable solution, and a judge or adjudicator who presides over a court proceeding.

Walter Received and Considered Submissions from Both Parties Involved in a Commercial