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.