(Answered) There was a dispute between an automobile insurance company

Management Studies

There was a dispute between an automobile insurance company and its insured concerning value in the loss of a truck. The insurance policy required arbitration of disputes. Each party selected an arbitrator; than these two, when unable to agree, selected a third party as umpire. The umpire without consulting anyone or receiving any testimony, fixed the value of the loss. If challenged, will a court set aside this award? why or why not?

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Business Management, Management Studies

Category:- Business Management
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