High-Low Arbitration Self-Quiz








High-Low arbitration is when:
Choice 1 The parties agree on the maximum and minimum award before arbitration begins.
Choice 2 Precedent dictates a maximum and minimum award in a certain type of case.
Choice 3 The arbitrator, after consideration of the case, sets a maximum and a minimum award, and a judge hands down a final decision within this range.
Choice 4 None of the above.

True or false: “Customized” arbitration, such as high-low arbitration, must satisfy judicial scrutiny before the parties can enter into an agreement.

Choice 1 TRUE, as a protection against manipulation of the arbitration process.
Choice 2 FALSE, at least insofar as private (non-court-ordered) arbitration is concerned.

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