Which term describes a private trial with three arbitrators?

Which term describes a private trial with three arbitrators?

• A. Mediation
• B. Arbitration
• C. Grand Jury
• D. Jury

Answer: (B)

Arbritration involves a private dispute-resolution process where the parties choose neutral decision-makers to hear evidence and make a binding decision. When a panel of three arbitrators is used, each side or a supervising body helps select three experts to review the case, providing balanced perspectives for complex issues. The proceedings are typically confidential and less formal than a courtroom trial, and the resulting award is usually binding and enforceable in courts. This setup is used precisely because the parties want a private venue with careful, expert judgment. It differs from mediation, which is a non-binding facilitated negotiation; from a grand jury, which screens for criminal charges in a public arena; and from a jury trial, which is a public trial decided by a panel of peers in the court system.

Arbritration involves a private dispute-resolution process where the parties choose neutral decision-makers to hear evidence and make a binding decision. When a panel of three arbitrators is used, each side or a supervising body helps select three experts to review the case, providing balanced perspectives for complex issues. The proceedings are typically confidential and less formal than a courtroom trial, and the resulting award is usually binding and enforceable in courts. This setup is used precisely because the parties want a private venue with careful, expert judgment. It differs from mediation, which is a non-binding facilitated negotiation; from a grand jury, which screens for criminal charges in a public arena; and from a jury trial, which is a public trial decided by a panel of peers in the court system.