Question
Acme Company and Tip Top, Inc. have a contract. A dispute arises with each company alleging that the other company did not comply with its
Acme Company and Tip Top, Inc. have a contract. A dispute arises with each company alleging that the other company did not comply with its obligations under the contract. The companies agree to arbitrate their dispute in front of a panel of three arbitrators. What is the role of the arbitrators in that proceeding?
a. | The arbitrators will try to persuade the parties to reach an agreement to resolve the dispute. | |
b. | The arbitrators act as jurors and determine the facts of what happened in the dispute. | |
c. | The arbitrators determine what law governs the dispute and how it applies to the facts. | |
d. | a. and b. and c. | |
e. | b. and c., but not a. |
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