Asked by Arjun Patel on Jul 07, 2024
Verified
The choice of an arbitrator, as defined in a contract, does not limit options of individuals.
Arbitrator
An independent, neutral third party chosen to settle a dispute or conflict between two parties outside of the court system, often in labor or commercial disputes.
Contract
A legally binding agreement between two or more parties that outlines the terms and conditions of a particular arrangement.
- Comprehend the roles and limitations of arbitrators and mediators.
Verified Answer
LH
Lukmanul HakimJul 11, 2024
Final Answer :
False
Explanation :
The choice of an arbitrator as defined in a contract typically limits the options of individuals because it specifies the process or criteria for selecting the arbitrator, thereby restricting the parties to those terms.
Learning Objectives
- Comprehend the roles and limitations of arbitrators and mediators.