Arbitration Is a Private Solution That Is

question 46

Multiple Choice

Arbitration is a private solution that is:

• A) often preferred by foreign litigants because it is perceived as fairer, faster, cheaper, and more confidential than are the courts.
• B) favored by international unions.
• C) recommended by the UN for international companies facing litigation in developing countries.
• D) two of the above.
• E) all of A, B, and C.

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Definitions:

Sales Negotiations

The process of discussing terms and conditions of a sale to reach a mutually acceptable agreement.

Garden Tub

A large, free-standing bathtub, often oval or round, that provides space for relaxation and soaking.

Water Jets

High-pressure water pumps used for cutting a variety of materials, including metals and stones, through a precise and controlled erosion process.

Caulk

A waterproof filling and sealing material used in building works and repairs to prevent water penetration in gaps or joints.