IB MC Qu$.$ Ub$-//$ Unlike mandatory arbitration,...

Unlike mandatory arbitration, voluntary arbitration is

Multiple Choice

based on parties' agreement after dispute arises or on contract clause before dispute arises

unconstitutional in most states

coercive because it provides an unfair advantage to the party creating the contract

time consuming and expensive when compared to litigation

$$ impractical because agreements are too difficult to reach in early contract negotiations