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Identify some of the differences between arbitration and a trial. (Check all that apply.)

- Arbitration is typically less formal than a trial.
- Arbitration may be binding or non-binding, while a trial verdict is binding.
- Arbitration can often be faster and less expensive than a trial.
- The rules of evidence may be more relaxed in arbitration than in a trial.
- An arbitrator, rather than a judge or jury, makes the final decision in arbitration.



Answer :

GinnyAnswer

Final answer:

Arbitration and trials differ in decision-makers, formality, and finality of decisions.


Explanation:

Differences between Arbitration and Trial:

  1. Decision-Maker: In arbitration, a neutral third party makes the final decision, whereas in a trial, a judge or jury decides the case.
  2. Formality: Arbitration is less formal than a trial, offering more flexibility in procedures and rules.
  3. Finality of Decision: Arbitration decisions are typically final, whereas trials might have options for appeals.

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