Question

Private arbitration is also described as _______.

• A. integral arbitration
• B. consensual arbitration
• C. domestic arbitration
• D. none of the above

Answer 1

Answer: (B)

consensual arbitration

Private arbitration is the referral of a dispute to an impartial third person chosen by the parties who agree in advance to be bound by the arbitrator's decision after hearing in which both parties have an opportunity to be heard. It is also known as Consensual arbitration.