Ben and Janie Are Getting a Divorce and Their Friend

question 24

Multiple Choice

Ben and Janie are getting a divorce and their friend Josh recommends that they divide their property using arbitration rather than costly litigation.Which of the following methods should Josh recommend to ensure that they arrive at the fairest possible settlement as quickly as with as little argument as possible?

• A) traditional arbitration
• B) final-offer arbitration
• C) arb-med
• D) med-arb

---

Definitions:

Forward Contract

A customized contract between two parties to buy or sell an asset at a specified price on a future date.

Extinguishment Of Debt

The process of fully paying off debt obligations, through payment, refinancing, or restructuring, effectively removing them from the company's balance sheet.

Continuing Operations

The segments of a business expected to continue operating and providing net income for the foreseeable future.

Maturity Date

The date on which the principal amount of a loan, bond, or other financial instrument becomes due and payable.