In arbitration,?
Correct answer: D. decisions are binding.
- A. the World Court is the most effective forum for success.
- B. solutions are not proposed, but communication lines are kept open.
- C. there has been a failure in every case where it has been applied.
- D. decisions are binding.
Explanation
Arbitration refers a dispute to an agreed neutral tribunal, whose decision is normally binding on the parties under the terms of their consent. It differs from mediation, where the mediator proposes or facilitates a settlement without imposing a binding decision.
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