Question

Which of the following statements about arbitration is false?
A) Business contracts often contain a clause requiring that all disputes arising under the contract be arbitrated.
B) Parties can appeal an arbitration decision to a court if they believe it was wrongly decided.

Answer 1

Answer:

The false statement about arbitration is:

B) Parties can appeal an arbitration decision to a court if they believe it was wrongly decided.

In arbitration, the decision reached is typically final and binding, and there is limited scope for appeal to a court.