New York State Private Investigator Practice Exam

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What does arbitration aim to achieve?

A formal trial in court
A resolution to a dispute out of court
A method to arrest a fugitive
A review of legal statutes

The correct answer is: A resolution to a dispute out of court

Arbitration aims to achieve a resolution to a dispute out of court, making it an alternative dispute resolution process. It allows the parties involved to present their cases and evidence to an impartial third party, known as an arbitrator, who then makes a binding decision. This process is often quicker and less formal than traditional court trials, and it provides a means for resolving conflicts without the need for lengthy litigation. While formal trials in court are designed to address legal disputes through established judicial procedures, arbitration specifically circumvents the court system to come to a resolution more privately and efficiently. The other options, such as methods to arrest a fugitive and reviewing legal statutes, fall outside the scope of arbitration and its primary purpose, which is purely to settle disputes.