Alternate Dispute Resolution Generally Consists of Negotiation,mediation,and/or Arbitration

question 7

Multiple Choice

Alternate dispute resolution generally consists of negotiation,mediation,and/or arbitration.When dealing with international disputes,arbitration is particularly appropriate due to the potential expense and delay associated with litigation in a foreign court.The best way to avoid the risks of dealing with foreign courts involving international disputes is to:

• A)ensure that a provision is included in any contract requiring disputes arising from the transaction be submitted to an arbitrator.
• B)ensure that any dispute be litigated immediately in Canada requesting that the court order arbitration.
• C)bring a motion in the foreign jurisdiction for immediate determination as to what law applies.
• D)ensure that offshore bank accounts are set up to avoid easy seizure resulting from a foreign judgment.
• E)ensure that the best local lawyers are hired in the foreign jurisdiction before any dispute arises so as to prevent the opposing party from retaining them later.

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Definitions:

Legislative Decision-Making

The process by which elected representatives create, modify, or repeal laws within a governmental legislative body.

Drawn Out

Prolonged over time or made to last longer than necessary, often referring to events or processes.

Consumption Decisions

Choices made by individuals or households on purchasing goods and services with their available income.

Current Income

Income received by an individual or entity within a specified period of time, such as wages, salaries, or investment income.