Asked by Manuel Mollinedo on Jun 13, 2024
Verified
Two businesses-Berry Farms LLC and Canned Jams Inc.-dispute the quality of goods delivered by the seller and the price agreed to by the buyer. With regard to this dispute, the two parties can
A) any of the choices.
B) litigate it.
C) settle it between themselves.
D) resolve it through an alternative method, such as arbitration.
Arbitration
A method of resolving disputes outside the courts, where the parties to a dispute refer it to one or more arbitrators who make a binding decision.
Legal Proceedings
Formal activities carried out by a court, such as trials or hearings, to resolve disputes or enforce laws.
- Understand the significance and processes involved in alternative dispute resolution techniques.
- Identify the specific elements critical in determining the appropriateness of a given legal forum for resolving disputes.
Verified Answer
CT
Celina TrudellJun 15, 2024
Final Answer :
A
Explanation :
All the options provided are valid ways to resolve a dispute between two parties. They can choose to litigate the matter in court (B), settle the dispute among themselves through negotiation or agreement (C), or opt for an alternative dispute resolution method like arbitration (D).
Learning Objectives
- Understand the significance and processes involved in alternative dispute resolution techniques.
- Identify the specific elements critical in determining the appropriateness of a given legal forum for resolving disputes.
Related questions
Parties to International Business Transactions Should Include Certain Clauses, Including ...
A Court's Review of an Arbitrator's Decision Is the Same ...
What Is Alternative Dispute Resolution? What Are the Various Techniques ...
Which of the Following Best Describes Alternative Dispute Resolution Mechanisms ...
Fresh Seafood Inc ...