Alternative Dispute Resolution: Arbitration Flashcards
1
Q
True or false: Arbitration is cheaper than court
A
True
2
Q
True or false: Arbitration is private
A
True
3
Q
Court takes ___ time and ___ money than Arbitration
A
More, more
4
Q
Arbitration is private which helps businesses avoid bad ____
A
Publicity
5
Q
In arbitration, both parties can agree on the ___ and date of the hearing, as well as the ______
A
Time, Arbitrator
6
Q
A Layperson is someone with no ___ expertise
A
Legal
7
Q
A layperson often has ___ knowledge
A
Specialist
8
Q
True or false: The final outcome of arbitration is legally binding
A
True
9
Q
Arbitration has ____ appeal compared to the courts to reduce time as well as costs
A
Limited
10
Q
True or false: Arbitration has an unpredictable outcome
A
True
