A Method of Alternative Dispute Resolution in Which a Neutral

question 64

Multiple Choice

A method of alternative dispute resolution in which a neutral third party helps the parties reach a cooperative resolution of their dispute by facilitating communication between them,clarifying their areas of agreement and disagreement,helping see each other's viewpoints,and suggesting settlement options,but who cannot make decisions that bind the parties,is called:

• A)conciliation.
• B)mediation.
• C)minitrial.
• D)arbitration.

Analyze the legal consequences of breach of contract in sales transactions.

Understand consumer protection laws and their impact on sales, warranties, and deceptive practices.

Analyze the role and limitations of the Sale of Goods Act concerning negotiation and title transfer.

Recognize the legal ramifications of defective goods and the avenues for recourse available to consumers and businesses.

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Definitions:

Strict Performance

A legal principle that requires parties to a contract to fulfill their obligations exactly as specified in the contract, without deviation.

Substantial Performance

A legal concept indicating that if a party has performed enough of its contractual obligations, it may still enforce the contract despite minor breaches.

Uniform Commercial Code

A comprehensive set of laws that govern commercial transactions in the United States to standardize and simplify the legal process.

Insolvent Seller

A seller who cannot meet their financial liabilities as they become due.