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What distinguishes arbitration from litigation in resolving disputes?  A. Adversarial nature  B. Informal process  C. Finalty of decisions  D. Speedier Resolution

Question

What distinguishes arbitration from litigation in resolving disputes?  A. Adversarial nature  B. Informal process  C. Finalty of decisions  D. Speedier Resolution

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Solution

Arbitration and litigation are both methods of resolving disputes, but they have several key differences:

A. Adversarial nature: Both arbitration and litigation are adversarial in nature as they involve two parties with opposing views. However, litigation is often more adversarial because it takes place in a courtroom and follows strict legal procedures.

B. Informal process: Arbitration is generally more informal than litigation. The process is more flexible and can be tailored to the needs of the parties involved. Litigation, on the other hand, follows a formal, standardized process.

C. Finality of decisions: In arbitration, the decision is usually final and binding. There is typically no appeal process. In litigation, the losing party has the right to appeal the decision.

D. Speedier Resolution: Arbitration is usually faster than litigation. This is because litigation can involve numerous court appearances and a lengthy discovery process. Arbitration can often be resolved in a matter of months, while litigation can take years.

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