Which of the Following Is Not One of the Four

question 27

Multiple Choice

Which of the following is not one of the four categories of actions that exist to resolve a dispute?

• A) Negotiation
• B) Mediation
• C) Situation
• D) Arbitration
• E) Litigation

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Definitions:

Bankruptcy Petitioner

An individual or entity that initiates a bankruptcy case by filing a petition in bankruptcy court.

Secured Creditors

Creditors that hold a claim against assets or collateral provided by the debtor to secure the obligation of repayment.

Unsecured Creditors

Creditors who have lent money without taking any collateral, meaning they have no specific claims on assets of the debtor in case of default.

Federal Crime

A violation of laws passed by the United States Congress and punishable by the federal government.