If a Party Does Not Abide by an Agreement Reached

question 24

Multiple Choice

If a party does not abide by an agreement reached in mediation,which of the following is true of the remedy?

• A)The remedy is to return to mandatory mediation.
• B)The remedy is to sue for breach of contract.
• C)The remedy is to proceed to arbitration.
• D)The remedy is to proceed to a minitrial.
• E)Because mediation is a voluntary process,there is no legal remedy.

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Definitions:

Japanese Stock Market

A collection of stock exchanges located in Japan, like the Tokyo Stock Exchange, where investors can trade shares of Japanese companies.

Index

A statistical measure that represents the performance of a group of stocks, indicating trends in various industry sectors or the market as a whole.

Call Option

A financial derivative that gives the holder the right, but not the obligation, to buy a stock or other asset at a specified price within a specified time frame.

Underlying Asset

The financial instrument upon which derivatives like options and futures are based.