A type of alternative dispute resolution that may be non-binding or binding that occurs when a third person is appointed by the courts or selected by the parties to hear a matter and issue a decision in the case is known as

Question

Quizplus · Accepted Answer

The description given matches the process of arbitration, where a neutral third party (arbitrator) is appointed to make a decision on the matter. Litigation refers to a legal process where the dispute is resolved through a court trial. Negotiation involves parties discussing the matter and trying to reach a mutually acceptable solution without the involvement of a third party. Mediation is a type of alternative dispute resolution where a mediator works with the parties to facilitate communication and reach an agreement, but the decision is ultimately made by the parties themselves, not the mediator. The description given is for arbitration, which is the process where a neutral third party (arbitrator) listens to both sides of a dispute and delivers a binding or non-binding decision. Litigation refers to the formal court process, negotiation is a process of discussing and compromising to reach an agreement, and mediation involves a neutral third party facilitating communication and negotiations between parties to reach a mutually acceptable resolution, but they do not have the power to make decisions like an arbitrator.

A Type of Alternative Dispute Resolution That May Be Non-Binding