Which of the following statements best represents the distinction between binding and nonbinding arbitration?
A) Unlike nonbinding arbitration, binding arbitration takes place at a court, in the presence of a judge.
B) If the arbitration is nonbinding, the decision and award of the arbitrator can be appealed to the courts.
C) A nonbinding arbitration takes place at a court, in the presence of the jury.
D) A nonbinding arbitration implies that the arbitrator's decision must be reinforced by the courts.
B
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Which of the following statements related to political systems is incorrect?
a. Both the United States and Mexico have a federal government. b. Canadians elect a prime minister and parliament. c. Japan's political system is a constitutional monarchy. d. Morocco is ruled by religious leaders.
The practice of buying the life insurance policy of a terminally ill insured at a discount is referred to as a
A) collateral assignment. B) viatical settlement. C) catastrophic illness conversion. D) grace period transaction.