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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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