A contract between two or more parties to submit a dispute to arbitration.

A court order requiring the parties to submit a dispute to arbitration.

A statute that mandates arbitration in certain types of disputes.

A mediation agreement between two or more parties.

A written agreement signed by both parties.

A description of the dispute to be arbitrated.

The names of the arbitrators.

All of the above.

When it is in writing and signed by both parties.

When it is fair and equitable.

When it is approved by a court.

All of the above.

It is faster and less expensive than litigation.

It is more private than litigation.

It is more flexible than litigation.

All of the above.

It is less formal than litigation.

The parties have less control over the process.

The decision of the arbitrator is final and binding.

All of the above.

A federal law that governs arbitration agreements in the United States.

A state law that governs arbitration agreements in the United States.

A federal law that governs arbitration agreements in Canada.

A state law that governs arbitration agreements in Canada.

It makes arbitration agreements enforceable in the United States.

It sets forth the procedures for arbitration.

It provides for the appointment of arbitrators.

All of the above.

A treaty that governs the recognition and enforcement of foreign arbitral awards.

A statute that governs the recognition and enforcement of foreign arbitral awards.

A regulation that governs the recognition and enforcement of foreign arbitral awards.

None of the above.

It makes foreign arbitral awards enforceable in the United States.

It sets forth the procedures for the recognition and enforcement of foreign arbitral awards.

It provides for the appointment of arbitrators.

All of the above.

Arbitration is binding, while mediation is not.

Arbitration is more formal than mediation.

Arbitration is more expensive than mediation.

All of the above.

To hear the evidence and make a decision.

To facilitate the negotiation between the parties.

To enforce the arbitration agreement.

None of the above.

To hear the evidence and make a decision.

To facilitate the negotiation between the parties.

To enforce the arbitration agreement.

None of the above.

An arbitrator is a neutral third party who hears the evidence and makes a decision.

A mediator is a neutral third party who facilitates the negotiation between the parties.

An arbitrator is appointed by the court.

All of the above.

Binding arbitration.

Non-binding arbitration.

Mediation-arbitration.

All of the above.

In binding arbitration, the decision of the arbitrator is final and binding.

In non-binding arbitration, the decision of the arbitrator is not final and binding.

In binding arbitration, the parties are required to participate in the arbitration.

All of the above.