Essay on Cross 9e TBB Ch03

2523 Words 11 Pages
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

1. Few civil lawsuits are settled before trial.

answer: F PAGES: Introduction TYPE: + BUSPROG: Reflective AICPA: BB-Risk Analysis

2. Litigation is the process of resolving a dispute through the court system.

answer: T PAGES: Section 1 TYPE: N BUSPROG: Reflective AICPA: BB-Risk Analysis

3. In mediation, the mediator proposes a solution and makes a decision resolving the dispute.
…show more content…
answer: D PAGES: Section 1 TYPE: N BUSPROG: Reflective AICPA: BB-Critical Thinking

Fact Pattern 3-1 (Questions 6–7 apply)
Morsels Restaurant, Inc., and Nature Foods Corporation dispute a term in their contract.

6. Refer to Fact Pattern 3-1. A faster settlement of the dispute between Morsels and Nature may be reached through

a. arbitration because the case will be heard by a mini-jury. b. litigation because few disputes actually go to trial.
c. mediation because the parties can minimize the procedural rules. d. negotiation because the dispute will be resolved by an expert.

answer: C PAGES: Section 1 TYPE: = BUSPROG: Reflective AICPA: BB-Legal

7. Refer to Fact Pattern 3-1. Oona, a third party, resolves the dispute be­tween Morsels and Nature. In most states, Oona must issue an award or decision in writing

a. if the resolution involved arbitration. b. if the resolution involved mediation. c. if the resolution involved negotiation.
d. under no circumstances

answer: A PAGES: Section 2 TYPE: = BUSPROG: Reflective AICPA: BB-Legal

8. Fair Trade Company and Good Shipping. Inc., have their dispute re­solved in arbitration. The arbitrator meets with Fair’s representative to discuss the dispute outside the presence of Good’s representative, before determining the award. If this meeting substantially prejudiced Good’s rights, a court will most likely

a. do nothing. b. review the merits of the dispute. c. review the sufficiency of the

Related Documents