Question: If Caleb is correct that the contract had an arbitration clause, and the clause was valid, which of the following is true? Arbitration involves a

If Caleb is correct that the contract had an arbitration clause, and the clause was valid, which of the following is true?
Arbitration involves a neutral third party who proposes a solution, but does not make a decision resolving the matter.
If an arbitrator makes an award, either side can ignore it and proceed to court with the matter.
Arbitration is a process in which the parties attempt to settle their dispute informally, with or without attorneys to represent them.
Arbitration involves a neutral third party or a panel of experts to hear the dispute and impose a binding resolution on the
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If Caleb is correct that the contract had an arbitration clause,

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