Questions:
Business Law
1. Firm X and Firm Y are in dispute over a contract. They decide to use a form of alternative dispute resolution (ADR) to settle the dispute in which both parties meet to discuss the issue. Firm X brings their lawyer to this meeting but Firm Y does not. Which form of ADR is most likely being used here?
1. Negotiation
2. Mediation
3. Arbitration
4. Facilitation
2. Which among the following does a binding arbitration clause typically state?
1. Why arbitration is being chosen over other methods of ADR
2. Which specific type of dispute is to be resolved by arbitration
3. How the arbitrator will be selected
4. What to do if a party is dissatisfied with the solution
3. David Myer seeks to resolve his dispute with his manager Ray Thorn. They both zero in on Rachel Moran to act as a neutral third party. Myer and Thorn take turns to explain their position to Ms. Moran who enumerates the strengths and weaknesses of the case. Using this assessment, Myer and Thorn reach a settlement. Which form of ADR is being used here?
1. Med-Arb
2. Peer review
3. Private trial
4. Early neutral case evaluation