Asked by Jovelyn Angell on Jul 09, 2024
Verified
Which of the following is true regarding areas in which arbitration is used?
A) Arbitration is used in employment, medical malpractice cases, environmental disputes, commercial contract disputes, and insurance liability claims.
B) Arbitration is used in medical malpractice cases, environmental disputes, and commercial contract disputes, but not in insurance liability claim disputes because those claims are governed strictly by state regulatory law.
C) Arbitration is used in environmental disputes, commercial contract disputes, and insurance liability claim disputes, but not in medical malpractice cases because those cases are governed strictly by state statutory law and also state common law on negligence.
D) Arbitration is used in medical malpractice cases, environmental disputes, and insurance liability claim disputes, but not in commercial contract disputes because those disputes are governed by the UCC.
E) Arbitration is used in medical malpractice cases, commercial contract disputes, and insurance liability claim disputes, but not in environmental disputes because those disputes are governed strictly by federal law.
Arbitration
Arbitration is a form of alternative dispute resolution where a neutral third party makes a binding decision to resolve a dispute, outside of court.
Environmental Disputes
Conflicts arising from the impact of human activities on the natural environment, often involving issues of conservation, pollution, and resource management.
Insurance Liability
Refers to the obligation of an insurance company to cover losses as defined in an insurance policy.
- Master the underlying principles and judicial framework associated with Alternative Dispute Resolution (ADR), particularly in the contexts of arbitration and mediation.
Verified Answer
Learning Objectives
- Master the underlying principles and judicial framework associated with Alternative Dispute Resolution (ADR), particularly in the contexts of arbitration and mediation.
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