New York Private Investigator Regulations Practice Exam

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Prepare for the New York Private Investigator Regulations Exam with an engaging and comprehensive quiz. This exam is essential for aspiring private investigators to secure their license and understand key regulations and responsibilities.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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What is arbitration?

A formal trial by submission of evidence in court
Settlement of disagreement out of court by an arbitrator
Offer made during plea negotiations
Judicial review of a case by a higher court

The correct answer is: Settlement of disagreement out of court by an arbitrator

Arbitration is defined as the settlement of a disagreement out of court by an arbitrator. This process involves the parties involved in a dispute agreeing to submit their issue to a neutral third party, the arbitrator, who reviews the evidence and makes a decision that is usually binding. This alternative dispute resolution method is often more efficient and cost-effective than going through the court system, allowing parties to avoid lengthy trials while still obtaining a resolution to their disputes. This option accurately describes the nature and purpose of arbitration, focusing on its role as a non-judicial means of resolving conflicts, rather than the formal proceedings typically associated with a courtroom trial. This makes it distinct from other legal processes such as plea negotiations or judicial reviews.