Negotiation Is the Most Widely Recognized Form of ADR

question 397

True/False

Negotiation is the most widely recognized form of ADR.

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Definitions:

Competition Act

Legislation aimed at preventing anti-competitive practices in the marketplace, by regulating and promoting fair competition.

Trade Practices

Refers to the methods, operations, and conduct of a business or trade, including advertising, marketing, and selling of goods and services, often subject to regulation to ensure fairness and competition.

Regulation

Rules or directives made and maintained by an authority to manage or govern behavior within its jurisdiction, typically aiming at ensuring fairness, safety, or standards.

Subrogation

The substitution of parties whereby the party substituted acquires the rights at law of the other party, usually by way of contractual arrangement.