What Is a Proceeding That Takes Place Early in a Civil

question 34

Multiple Choice

What is a proceeding that takes place early in a civil case in which the disputing parties meet with a neutral person who evaluates the case in an attempt to settle the dispute?

• A) Summary trial
• B) Arbitration
• C) Mini-trial
• D) Early neutral evaluation

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Definitions:

Composite Rate

A single interest rate that reflects the combination of rates applied to several different financial transactions or loans.

Residual Value

The anticipated final value of an asset after its period of utility has ended.

Sum-Of-The-Years'-Digits

A depreciation method that accelerates the expense recognition, based on a descending fraction of the sum of the year digits.

Depreciation Expense

Apportioning the expenditure of a substantial asset over its operational life.