Alternative Dispute Resolution Has Some Distinct Disadvantages Over Litigation Such

question 46

True/False

Alternative Dispute Resolution has some distinct disadvantages over litigation such as higher costs and public access to the proceedings.

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Definitions:

Accounts Receivable

Money owed to a business by its clients or customers for goods or services delivered but not yet paid for.

Credit Sales

Transactions where goods or services are sold and delivered, but payment is deferred to a later date, creating receivables for the seller.

Factors Receivables

The process of selling accounts receivable to a third party (factor) at a discount in exchange for immediate cash.