BUS 118 – There was a dispute between an automobile insurance company

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January 7th, 2018

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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