Which of the following is(are)positive about arbitration?
A)Arbitrators are assigned so parties do not have to select them.
B)Arbitration is generally less expensive than litigation.
C)Arbitrators are not bound by the same rules as judges in recognizing and applying legal precedent.
D)Arbitrators are assigned so parties do not have to select them,and arbitration is generally less expensive than litigation.
E)Arbitrators are not assigned so parties do not have to select them,arbitration is generally less expensive than litigation,and arbitrators are bound by the same rules as judges in recognizing and applying legal precedent.

Question

Quizplus · Accepted Answer

Arbitration may be preferable to litigation for several reasons.First,arbitration is more efficient and less expensive.Second,parties have more control over the process of dispute resolution through arbitration.They choose the arbitrator and determine how formal the process will be.Third,the parties can choose someone to serve as the arbitrator who has expertise in the specific subject matter.Fourth,the arbitrator has greater flexibility in decision-making than a judge has.Unlike judges,who are bound by legal precedent,arbitrators generally do not have to offer reasons for their decisions.

Which of the Following Is(are)positive About Arbitration