________ Is the Process by Which Parties to a Dispute

question 20

Multiple Choice

________ is the process by which parties to a dispute submit their differences to the binding judgment of an impartial third person or group selected by mutual consent.

• A) Conciliation
• B) Diplomacy
• C) Arbitration
• D) Mediation

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Definitions:

Stolen Check

A check that has been unlawfully taken from its rightful owner leading to potential unauthorized use or fraud.

Refund

The return of money to a purchaser in response to their dissatisfaction with goods or services provided, or as a result of the return of the goods themselves.

Credit Card Companies

Businesses that issue credit cards to consumers, extending a line of credit for purchases and cash advances.

Forged Checks

Illegally altered checks or the creation of counterfeit checks to fraudulently withdraw or obtain money.