The Nonbinding, Informal Process in Which a Third Party Is

question 57

Multiple Choice

The nonbinding, informal process in which a third party is selected by the disputing parties to attempt to help them reach a mutually acceptable agreement is known as:

• A) conciliation.
• B) discovery.
• C) consensual arbitration.
• D) compulsory arbitration.

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Definitions:

Repudiate

To reject or deny the validity of a contract, agreement, or statement.

Modern Law

Contemporary legal systems and statutes that are in effect in a jurisdiction, reflecting current values and societal norms.

Injunctions

Court orders requiring a party to do or refrain from doing specific acts.

Temporary

Describing a condition or situation that is not permanent and is expected to last only for a limited period of time.