Which of the following statements is true of arbitrationprocedures?

	Generally, the award resulting from the voluntary arbitrationprocedure is final.
	If an arbitrator made erroneous rulings during a hearing, theaward can be set aside.
	An arbitrator's award is binding on the parties only if therewas no error of law on the part of the arbitrator.
	Mandatory arbitration is a more effective alternative tolitigation than a voluntary arbitration.
	All types of arbitration procedures are voluntary and cannot beforced on the disputing parties.

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Goods that are identical are known as a(n) ________.

	accession
	collateral
	lien
	gifts
	fungible

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An arbitrator's award must ________.

Question 7 options:

	define the scope of the arbitrator's powers
	set forth the specific credentials of the arbitrator
	set forth the findings of fact under any circumstance
	be desirable to both the disputing parties to be legally bindingand enforceable
	give a disclosure of findings and the reasons if an arbitrationagreement so requires

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Which of the following statements is true of caucuses in disputeresolution?

Question 8 options:

	They involve negotiations between the disputing parties withouta mediator and in the presence of their attorneys.
	They are synonymous with de novo reviews.
	They are illegal because they are considered exparte communications.
	They are sometimes used by mediators to make the mediationprocesses more productive.
	They only occur when mandated by a court order.

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According to subsection (c) of the Federal Arbitration Act,which of the following actions constitutes misconduct on the partof an arbitrator that justifies vacating an arbitration award?

Question 9 options:

	Conducting a caucus with a party to the proceedings even if theother party consents to it
	Reaching erroneous findings of fact from an evidence
	Making erroneous rulings during a hearing
	Misunderstanding the law
	Accepting gifts from a party during the proceedings

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