Fact Pattern 3-1 (Questions 31-33 Apply)

question 54

Multiple Choice

Fact Pattern 3-1 (Questions 31-33 apply)
Bean Vendors, Inc., and Java Bistros Corporation dispute a term in their contract.
-Refer to Fact Pattern 3-1. The least expensive method of resolving the dispute between Bean and Java may be

• A) arbitration because the case will be heard by a mini-jury.
• B) litigation because each party will pay its own legal fees.
• C) mediation because the dispute will be resolved by a non-expert.
• D) negotiation because no third parties are needed.

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Definitions:

Mid-Ocean Ridge

An underwater mountain range, formed by plate tectonics, that stretches across the ocean floor and is associated with seismic and volcanic activity.

Plate Boundary

Zone of tectonic activity, including earthquakes, along the boundary between two lithospheric plates that are moving relative to one another.

Southern Continent

A hypothetical or specified landmass located in the southern hemisphere of a planet.

Oceanic Plateau

A large, flat, elevated region in the ocean basin, often composed of thickened crust that rises above the surrounding seafloor.