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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

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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

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.

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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