Practice Quiz

Paralegal

Category - Legal System

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The term “arbitration” refers to ______________.
  1. A U.S. District Court judge’s use of a magistrate judge to hear a specific issue.
  2. The litigation of certain evidentiary issues shortly before trial.
  3. Dispute resolution through one or more third-party neutrals whose decision is binding.
  4. Dispute resolution through a third-party neutral who seeks to find a mutually agreeable solution.
Explanation
Answer: C - Dispute resolution through one or more third-party neutrals whose decision is binding. Arbitration is a form of alternative dispute resolution that uses a trial-like hearing process before third-party neutral(s) who render a decision that is binding on the parties (and may be converted into an enforceable judgment).
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