A Binding Process of Resolving Legal Disputes by Submitting Them

question 27

Multiple Choice

A binding process of resolving legal disputes by submitting them to a neutral third party is called

• A)mediation.
• B)arbitration.
• C)investigation.
• D)enforcement.

---

Definitions:

Families

Groups of individuals related by blood, marriage, or other significant relationships who typically live together and share economic and social responsibilities.

Insurance Premium

The payment made to an insurance company for coverage, which usually occurs on a regular basis, such as monthly or annually.

Risk-Averse

Refers to the preference of individuals or organizations to avoid risks and opt for the most certain outcome.

Risk Aversion

The preference to avoid uncertainty and risky situations, often influencing economic and financial decisions.