Parties to a Dispute Who Opt for Alternate Dispute Resolution

question 21

Multiple Choice

Parties to a dispute who opt for alternate dispute resolution instead of a formal court trial

• A) cannot choose to have a trial if the alternative dispute resolution is unsuccessful.
• B) avoid a costly court proceeding.
• C) have their dispute be a matter of public record.
• D) air their dispute in front of a jury.

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Definitions:

Security Interest

Security interest is a legal claim on assets which are offered by a borrower to a lender as collateral for a loan or obligation.

Security Registration Legislation

Laws and regulations tasked with governing the registration, offering, and sale of securities to protect investors and prevent fraud.

Automobile

A wheeled motor vehicle used for transporting passengers, which also carries its own engine or motor.

Loan

A sum of money borrowed that is expected to be paid back with interest.