THE LAW AND PRACTICE OF ARBITRATION AND AWARD With Forms BY JOHN FREDERICK ARCHBOLD, ESQ. BARRISTER-AT-LAW LONDON WILLIAM HENRY BOND, 8 BELL YARD 1861 PREFACE. THE advantages of arbitration, particularly in the case of disputed accounts, are not thoroughly understood. To those who are acquainted with the law upon the subject, it must appear a complete and most desirable substitute for an action at law or bill in equity. The expense of an action or bill in equity, in comparison with the moderate expense of an arbitration, would in ordinary cases induce parties about to be involved in litigation to choose the latter, if they can agree upon the appointment of an arbitrator well versed in the law or equity applicable to the case, and upon whose honour they may depend that he will act impartially as a judge between them, and not as the partisan of either. This is particularly to to be attended to when each party appoints an arbitrator; for the arbitrator in such a case is apt to think that it is his duty to advocate the case of the party who appointed him. This is a serious and grievous mistake, and leads frequently to |