Certain disputes be settled by arbitration

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Reference no: EM132161254

True and Flase

1. Alice and ben were involved in a dispute. They each hired lawyers who talk and come together to a resolution for alice and ben with no outside help. This is an example of negotiation

2. In arbitration, parties to a dispute go to trial court for a resolution.

3. Businesses are more and more likely to submit disputes to arbitration or mediation because it is less time consuming and costly than litigation

4. Once an agreement is resolved by mediation and the parties enter into a signed agreement, the signed agreement is legally binding and enforceable by a court

5. State law may require that certain disputes be settled by arbitration.

Reference no: EM132161254

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