Test Bank For The Legal Environment of Business Text and Cases Ethical Regulatory Global, and Corporate Issues 8th Edition by Frank B. Cross
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Test Bank For The Legal Environment of Business Text and Cases Ethical Regulatory Global, and Corporate Issues 8th Edition by Frank B. Cross
Chapter 3 Alternative and Online
Dispute Resolution
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N.B.: TYPE indicates that a question is new, modified, or unchanged, as follows. N A question new to this edition of the Test Bank. A question modified from the previous edition of the Test Bank. = A question included in the previous edition of the Test Bank. |
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TRUE/FALSE QUESTIONS
A1. Pretrial mediation is never mandatory.
answer:FPAGE:57TYPE:N
NAT: AACSB ReflectiveAICPA Legal
A2. All courts require arbitration before a case goes to trial.
ANSWER:FPAGE:57TYPE:N
NAT: AACSB ReflectiveAICPA Legal
A3. Alternative dispute resolution methods are generally less expensive and time consuming than actual litigation.
answer:tPAGE:58TYPE:=
NAT: AACSB ReflectiveAICPA Critical Thinking
A4. Assisted negotiation describes proceedings for minors and other parties who lack contractual “capacity.”
answer:FPAGE:58TYPE:=
NAT: AACSB AnalyticAICPA Legal
A5. Alternative dispute resolution refers to any method for resolving a dispute outside the court system.
answer:TPAGE:58TYPE:N
NAT: AACSB ReflectiveAICPA Critical Thinking
A6. Negotiation involves the parties to a dispute, with or without their attorneys.
answer:TPAGE:58TYPE:N
NAT: AACSB ReflectiveAICPA Critical Thinking
A7. In early neutral case evaluation, a third party’s evaluation of each party’s strengths and weaknesses forms the basis for negotiating a settlement.
ANSWER:tPAGE:58TYPE:=
NAT: AACSB ReflectiveAICPA Critical Thinking
A8. An arbitrator can render only a legally binding decision.
answer:fPAGE:59TYPE:
NAT: AACSB AnalyticAICPA Legal
A9. The goal of mediation is to work out a resolution that benefits both sides.
answer:TPAGE:59TYPE:=
NAT: AACSB AnalyticAICPA Legal
A10. In mediation, a court assigns the mediator.
ANSWER:FPAGE:59TYPE:
NAT: AACSB AnalyticAICPA Legal
A11. The federal government enforces agreements to arbitrate disputes between private parties.
answer:TPAGE:59TYPE:=
NAT: AACSB AnalyticAICPA Legal
A12. Virtually any dispute can be the subject of arbitration.
answer:TPAGE:59TYPE:N
NAT: AACSB AnalyticAICPA Legal
A13. On appeal of an arbitrator’s award, a court will look at the merits of the underlying dispute.
answer:fPAGE:68TYPE:N
NAT: AACSB AnalyticAICPA Legal
A14. A court’s scope of review on the appeal of an arbitrator’s award may be restricted.
ANSWER:TPAGE:68TYPE:
NAT: AACSB AnalyticAICPA Legal
A15. An arbitrator’s error in judgment is sufficient to provide a basis for overturning an award.
answer:fPAGE:68TYPE:N
NAT: AACSB AnalyticAICPA Legal
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