Some contracts specify that conflicts may be settled through ________ instead of court.
A) Arbitration
B) Negotiation
C) Coercion
D) Litigation
E) None of the above

Question

Quizplus · Accepted Answer

Some contracts may specify that disputes or conflicts should be settled through arbitration instead of court. Arbitration is a dispute resolution process in which an impartial third party (an arbitrator or a panel of arbitrators) is chosen by both parties to make a binding decision on the matter. It is often seen as a faster and less expensive alternative to litigation.

Some Contracts Specify That Conflicts May Be Settled Through ________