John and Peter--representatives of two negotiating parties from two different countries--bring in an outside (Paul), to broker a deal between the warring parties. If Peter's opinion is legally binding, the process is called _____.

Question

Quizplus · Accepted Answer

Arbitration is a process in which an outside third-party, known as an arbitrator, is assigned to hear both sides of a dispute and make a legally binding decision based on the evidence presented. If Peter's opinion is legally binding, then he would be acting as an arbitrator.

John and Peter--Representatives of Two Negotiating Parties from Two Different