Which of the Following Statements Gives the BEST Definition of a "Mediator

question 19

Multiple Choice

Which of the following statements gives the BEST definition of a "mediator"?

• A) A mediator provides an impartial forum for disputing parties to discuss misunderstandings and hopefully reach an acceptable resolution.
• B) A mediator mediates situations.
• C) A mediator listens to both sides in a dispute and gives a ruling as to which party is correct.
• D) A mediator is responsible for the media requirements of a private practice or other organization.

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Definitions:

Exempt Property

Property that a debtor is allowed to retain, free from the claims of creditors seeking to repossess or sell the property for debt recovery.

Chapter 7 Bankruptcy

A liquidation form of bankruptcy available to individuals and businesses, resulting in the sale of non-exempt assets to pay creditors and discharge most debts.

Equity

The fair and impartial treatment in justice or the value of ownership interest in a property after debts are subtracted.

Means Test

A method for determining eligibility for certain types of financial assistance based on the individual's income and assets.