以下哪項對於仲裁的描述是正確的？ Which of the following is correct in describing arbitration?

A、它的形式和程序比起法庭的訴訟簡單 Its format and procedure are less formal than litigation
B、對第三者並無約束力 Not binding upon third parties
C、只適用於涉及金額上的糾紛 Only applicable to disputes on quantum
D、以上各項皆正確 All of the above