In the usual ______________ procedure,parties select a disinterested and informed party or parties to sever as a referee to determine the merits of the case and make a judgment that both parties agree to honor.

Question

Quizplus · Accepted Answer

The procedure described in the question is that of arbitration, which involves the parties choosing a third party to make a binding decision on their dispute. A is incorrect because conciliation involves a third party facilitating discussions between the parties, but not making a binding decision. B is incorrect because informal settlements can take many forms and do not necessarily involve a third party. D is incorrect because litigation involves going to court and having a judge make a decision, rather than the parties choosing a third party to make the decision. E is incorrect because coercion involves one party forcing the other to accept a certain outcome, rather than mutually agreeing to honor a decision.

In the Usual ______________ Procedure,parties Select a Disinterested and Informed