When Holt and Collins choose arbitration, which of the following will NOT happen?

When Holt and Collins choose arbitration, they will indeed have the opportunity to present their cases. In an arbitration setting, both parties typically have the chance to submit evidence and arguments, similar to a court trial, though the process may be more streamlined and less formal. Arbitration is designed to allow each side to share their perspective, thus enabling the arbitrator to make an informed decision based on the presented information.

The other options clearly outline outcomes that are characteristic of the arbitration process. A legally binding decision is a hallmark of arbitration, meaning that the resolution reached by the arbitrator is enforceable in a court of law. Additionally, the involvement of a neutral third party as the arbitrator is fundamental to the arbitration process, ensuring impartiality in the decision-making. Lastly, confidentiality is often upheld in arbitration proceedings, allowing parties to keep the details and outcomes private, which is a significant advantage compared to public court proceedings.