Contract-based arbitration is considered to be:
A) voluntary because both parties have willingly agreed to participate.
B) unconstitutional in most states because it limits redress of grievances.
C) coercive because it provides an unfair advantage to the party originating the contract.
D) restrictive and undesirable because of expense and time considerations.
E) legally impractical because these agreements are too difficult to reach in early contract negotiations.

Question

Quizplus · Accepted Answer

In essence, the contracting parties show good judgment in understanding conflicts exist, conflicts give rise to disputes, and disputes are better resolved through arbitration rather than by litigating.

Contract-Based Arbitration Is Considered to Be