Arbitration awards are usually final due to the application of the doctrine of:
A) stare decisis
B) res judicata
C) responsible awards
D) final arbitration
E) none of the other choices are correct

Question

Quizplus · Accepted Answer

The doctrine of res judicata refers to the principle that once a dispute has been resolved and a final judgment or award has been issued, it cannot be reopened or challenged in another forum. This means that arbitration awards are usually final and binding, and cannot be appealed or overturned except in limited circumstances such as fraud or misconduct by the arbitrator.

Arbitration Awards Are Usually Final Due to the Application of the Doctrine