Arbitration should be avoided because it is a slow and costly process.

Question

Quizplus · Accepted Answer

This statement is not entirely true. While it is possible for arbitration to be slow and costly, it can also be a faster and more affordable alternative to litigation, depending on the circumstances. Additionally, some parties may prefer arbitration due to its confidentiality and ability to choose a neutral arbitrator with expertise in the subject matter of the dispute. Ultimately, whether or not to use arbitration will depend on the specific details of the case and the parties' goals and preferences.

Arbitration Should Be Avoided Because It Is a Slow and Costly