Walter Received and Considered Submissions from Both Parties Involved in a Commercial

question 49

Multiple Choice

Walter received and considered submissions from both parties involved in a commercial dispute.He will deliver his decision shortly.In accordance with the terms of the contract governing the disputing parties' relationship,they are bound to comply with that decision.Which of the following correctly identifies the role Walter has played in providing a resolution to this commercial dispute?

• A) mediator
• B) judge
• C) arbitrator
• D) adjudicator

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Definitions:

Protectionism

A call for tariffs and favorable treatments to protect domestic firms from foreign competition.

Foreign Competition

The presence of companies from different countries competing in a market, often emphasizing the global nature of business.

European Union

The European Union is a political and economic union of member states that are located primarily in Europe, aiming to promote peace, stability, and economic cooperation among its members.

Cross-border Trade

Involves the exchange of goods or services between entities in different countries, navigating various regulations and market conditions.