A method by which two or more parties agree to refer a dispute arising between them to a third ‘person’ of their choice for a binding decision is called:
A. Frustration of contract
B. Cartel
C. Arbitration
D. Compensation events
Answer:C
A method by which two or more parties agree to refer a dispute arising between them to a third ‘person’ of their choice for a binding decision is called:
A. Frustration of contract B. Cartel C. Arbitration D. Compensation events