Acme has sued Beta and each party has agreed to submit propo…

Acme has sued Beta and each party has agreed to submit proposals to an arbitrator in sealed in envelopes after their presentation of evidence. The arbitrator will then assign a value to the case. The parties have agreed to accept the high or low figure that is closer to the assigned value of the arbitrator. This is an example of which of the following?

Acme has sued Beta and each party has agreed to submit propo…

Acme has sued Beta and each party has agreed to submit proposals to an arbitrator in sealed in envelopes after their presentation of evidence. The arbitrator will then assign a value to the case. The parties have agreed to accept the high or low figure that is closer to the assigned value of the arbitrator. This is an example of which of the following?