Answered

Arbitration is:
a. a type of lawsuit.
Ob. a type of no-fault insurance.
c. litigation.
d. an alternative way of resolving malpractice disputes out of court.
e. a physician review panel that hears cases outside the courtroom.



Answer :

GinnyAnswer

Final answer:

Arbitration is a type of third-party intervention where parties agree in advance to the decision of a neutral third party, ensuring efficient dispute resolution.


Explanation:

Arbitration is a type of third-party intervention that avoids negotiation as well as the necessity of any meetings between the parties in conflict. In binding arbitration, both parties agree in advance to abide by the decision made by the neutral third party, known as the arbitrator. This method is commonly used for resolving disputes efficiently when time constraints are present.


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