The Process by Which Parties Submit a Dispute to a Third

question 13

Multiple Choice

The process by which parties submit a dispute to a third party to impose a binding decision is called:

• A)litigation
• B)mediation
• C)negotiation
• D)arbitration
• E)settlement

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Definitions:

Bankrupts

Individuals or entities that have been legally declared incapable of paying their debts and have their assets administered for the benefit of their creditors.

Domestic Relationship

A social or personal relationship between individuals who live together and share a domestic life but may not be married.

Marital Obligation

The duties and responsibilities that are legally binding between married partners, including fidelity, support, and respect.

Enforceable Contract

A legally binding agreement where all parties have agreed to the terms, allowing for legal remedies in the event of non-compliance.