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Arbitration 101

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Questions and Answers

Which of the following statements about arbitration is true?

Arbitration is always less expensive and time consuming than litigation.

Arbitration requires the parties to reach a mutual agreement.

Arbitrators must have specific expertise in the subject matter of the dispute.

Arbitration is a less formal process than mediation. (correct)

What is one similarity between an arbitrator and a judge?

They both make final and binding determinations. (correct)

They both require specific expertise in the subject matter of the dispute.

They both require the agreement of both parties.

They both require the parties to pay for their services.

Why is it recommended to stipulate that the agreement of both parties is required for mandatory binding arbitration?

To ensure that the arbitration process is more formal than mediation.

To allow for the modification of the client-drafted agreement. (correct)

To ensure that the arbitrator has specific expertise in the subject matter of the dispute.

To avoid incurring additional costs for the arbitration process.

Which of the following is NOT a common exclusion under a typical professional liability insurance policy?

Products liability Signup and view all the answers

What does it mean for an architect to perform their services to a 'professional standard of care'?

To provide service with the average level of care and skill Signup and view all the answers

What is the purpose of professional liability insurance for architects?

To cover damages proven to be attributable to negligence Signup and view all the answers

When might it be necessary or prudent for an architect to purchase excess coverage over and above the basic level of protection required by regulations or legislation?

When the client agreement mandates a higher level of insurance Signup and view all the answers

Which one of these is true about the Canadian Standard Form of Contract for Architectural Services?

It limits the architect's liability to the client. Signup and view all the answers

What is the purpose of a limitation of liability clause?

To limit the architect's liability to the client. Signup and view all the answers

What type of professional liability insurance policy is typically used?

Claims-made and reported basis Signup and view all the answers

What is the purpose of the statutes of limitations in each province and territory?

To specify the number of years after which no legal proceeding can be undertaken following a negligent act. Signup and view all the answers

Arbitration 101

Choose a study mode

Podcast

Questions and Answers

Which of the following statements about arbitration is true?

What is one similarity between an arbitrator and a judge?

Why is it recommended to stipulate that the agreement of both parties is required for mandatory binding arbitration?

Which of the following is NOT a common exclusion under a typical professional liability insurance policy?

What does it mean for an architect to perform their services to a 'professional standard of care'?

What is the purpose of professional liability insurance for architects?

When might it be necessary or prudent for an architect to purchase excess coverage over and above the basic level of protection required by regulations or legislation?

Which one of these is true about the Canadian Standard Form of Contract for Architectural Services?

What is the purpose of a limitation of liability clause?

What type of professional liability insurance policy is typically used?

What is the purpose of the statutes of limitations in each province and territory?

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