Asked by Munei Tshidavhula on Jun 12, 2024
Verified
Fresh Seafood Inc. and Grocers Market LLC dispute a term in their contract. Because the parties have a long-standing business relationship that they would like to continue, they could settle their dispute through mediation because
A) the case will be heard by a jury.
B) the dispute will eventually go to trial.
C) the process is not as adversarial as litigation.
D) the resolution of the dispute will be decided an expert.
Long-Standing Business Relationship
A business relationship characterized by a prolonged period of association and mutual dealings between parties.
Mediation
A method of dispute resolution where a neutral third party, the mediator, helps the disputing parties to reach a mutually acceptable agreement.
Adversarial
Characterized by conflict or opposition, especially in a legal context where two or more parties argue against each other.
- Distinguish between various techniques for settling disputes and understand the specific circumstances where each is favored.
- Identify the significance of impartiality in mediation and contrast it with other forms of conflict resolution.
Verified Answer
Learning Objectives
- Distinguish between various techniques for settling disputes and understand the specific circumstances where each is favored.
- Identify the significance of impartiality in mediation and contrast it with other forms of conflict resolution.
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