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ACIArb (Intro To ADR) Practice Questions - CIArb Associate (ACIArb) - Introduction To ADR Assessment Exam

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Parties to a sale-of-goods contract disagree only about the market value of certain assets. They appoint an independent valuer to decide the figure, agreeing the decision will be final and binding. The valuer relies on his own knowledge and is not bound to follow rules of evidence or to give a reasoned hearing. Which process is this?
Correct Answer:
Expert determination

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