Examlex

Solved

What Is a Third-Party Process Used When Parties Cannot Reach

question 31

Multiple Choice

What is a third-party process used when parties cannot reach a collective agreement on their own called?


Definitions:

Trailer

A large transport vehicle designed to be hauled by a truck or tractor, or a preview or advertisement of a film, TV show, or game.

Online Auction

A digital platform where goods or services are sold through a bidding process, allowing users to place bids over the internet until the auction expires.

Invitation Negotiate

An expression of willingness to enter into discussions that could lead to a contract but without committing to a definitive offer.

Motorcycle Sale

Refers to the transaction or process of buying or selling motorcycles between individuals or through businesses.

Related Questions