Answer to Question 1
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Answer to Question 2
Arbitration's essential virtue is that the parties to a dispute get the matter resolved by a qualified arbitrator whom they both select, in a timely and efficient manner, which is final and binding on the parties, with the very limited court review exceptions contained in Sections 10 and 11 of the FAA. Arbitration is faster, and less expensive than litigation. If the limited grounds for review could be expanded, the expeditious nature and finality of the arbitration process would be lost and be just a preliminary step to a time consuming and expensive judicial review process.
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