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Be Able to Define the Following Terms and Explain Their

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Essay

Be able to define the following terms and explain their differences and similarities: voluntary arbitration and court-annexed arbitration; voluntary mediation and mandatory mediation; summary trial and summary judgment.


Definitions:

Personal Assets

Items of value owned by an individual, including tangible assets like property and cars, and intangible assets like stocks and bonds.

Savings Account

is a deposit bank account that earns interest, designed for individuals to save money over time.

Investment Account

A financial account that holds securities, such as stocks, bonds, or mutual funds, for investment purposes.

Providing Legal Advice

The act of giving professional legal opinions regarding the law or conduct to someone, typically an attorney advising a client.

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