Arbitrament and Award Law and Legal Definition
Arbitrament and Award is a plea which states that the same matter has been already decided in arbitration.
Under the common law mode of submission of matters of dispute to arbitration, "there need be no order to make the award the judgment of the court; but it is binding without unless attacked for fraud in arbitrators or party, or a palpable mistake of law, or reference to chance. [Brand v. Sorrells, 61 Ga. 162 (Ga. 1878)].
The following is an example of a state statute (Georgia) on Arbitrament and award:
O.C.G.A. § 51-11-4. Arbitrament and Award.
Arbitrament and award constitute a good defense to a tort action, and the rules applied to this defense in a contract action apply equally to tort actions.
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