Which of the Following Statements About Arbitration Is TRUE

Which of the following statements about arbitration is TRUE?

A) It is the first and oldest of the alternative procedures
B) It is the procedure whereby parties in dispute refer the issue to a third party for resolution, rather than taking the case to the ordinary law courts
C) The decision of the third party is not binding
D) Section 1 of the Arbitration Act (AA) 1996 states the principles for which arbitration is found
E) Where the parties agree to an arbitration procedure which is in writing, that procedure will be operative, even though the agreement between the parties is not itself in writing