Which of the Following Is the Major Advantage to Alternative

question 76

Multiple Choice

Which of the following is the major advantage to alternative dispute resolution?

• A)Flexibility
• B)Legality
• C)Lack of third parties
• D)None of these choices are correct

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Definitions:

XYZ Corporation

A hypothetical or placeholder name often used to represent a generic, unspecified company or entity in discussions or examples.

Negotiable Instrument

A written promise or order to pay a specific sum of money that can be transferred to another holder.

Indorser

The person who signs and transfers a negotiable instrument, such as a check or promissory note, to another party.

Secondary Liability

The legal obligation to pay a debt if the primary obligor defaults, usually applied in cosigning contexts.