U3 - AOS2 - arbitrration

Question 1

arbitration def / features

Answer 1

one of most formal alt dispute res methods

arbitrator = listen to both sides than make legally binding decisoin

Question 2

when is arbitration used

Answer 2

can be arrnaged by parties themselves in private due to contractual agreement

small claims (<10k) in mag court go to arb

judges can request that arbitration be used.

Question 3

when arbitration is app.

and inapp. (oppoites).

Answer 3

parties consent
matter below 10k dmg
parties want legally binding
private resolution