Arbitration, as an Alternative Dispute Resolution (ADR) is   Select one: hears and determines any civil case related to issues of a legal right, power, duty, liability, privilege, interest, obligation or claim. more expensive compared to the formal court processes hears and determines any criminal case involving or relating to any

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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19 Arbitration, as an Alternative Dispute Resolution (ADR) is


 

Select one:


hears and determines any civil case related to issues of a legal right, power, duty, liability, privilege, interest, obligation or claim.

more expensive compared to the formal court processes

hears and determines any criminal case involving or relating to any penalty, forfeiture, punishment or other liability.

a faster process than the formal court processes and encouraged especially where the parties are not interested in potentially lengthy court proceedings
 
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