$12$

According to the text, which of the following is an advantage of arbitration?

$01$:$05$:$15$

Multiple Choice

Arbitrators are assigned so parties do not have to pick them.

Arbitration is generally less expensive than litigation

Arbitrators are bound by the same rules as judges in applying precedent.

Arbitrations can be set aside on appeal for the same reasons as court judgments.

Arbitrations prohibit the use of legal counsel.