In Alternative Dispute Resolution (ADR),most Cases Are Resolved Through

question 40

Multiple Choice

In alternative dispute resolution (ADR) ,most cases are resolved through

• A)litigation.
• B)negotiation.
• C)mediation.
• D)lawsuits.

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Definitions:

Maturity Date

The date on which a financial obligation must be repaid in full.

Promissory Note

A financial instrument containing a written promise by one party to pay a definite sum of money to another party at a specified future date or on-demand.

Account Receivable

The amount customers are required to pay to a firm for goods and services already received but not yet paid for.

Payee

The party in a financial transaction who receives the payment.