In a binding arbitration clause,

Multiple Choice

the losing party must be handcuffed and led out of the arbitration room, and immediately begin serving an arbitrator$-$imposed term of imprisonment.

a contractual provision gives the parties the opportunity to select arbitration, mediation, or litigation as the method of dispute resolution.

a contractual provision mandates that all disputes arising under the contract must be settled by arbitration.

the party initiating the arbitration proceeding always chooses the arbitrator.