ANSWER: A
The different dispute resolution methods present to them are stated as below=
Mediation: This is the process in which there will be an expert mediator that will facilitate the communication between the aggrieved parties so that the settlement can be obtained between these parties.
Advantage: There will be full control over the process by the parties
These proceedings are confidential and faster than legal methods
Disadvantages: The legal support is not present so the legality of the decision is not there
There may be the chance of not having any type of settlement
Litigation: This can be seen as a method of dispute resolution in which the court decides the case after hearing all the facts and arguments of all the parties. The decision is legally binding on all the parties
Advantage: There is a legally binding decision in the end
It follows the laws and precedents thus the changes of unfair treatment is relatively limited
Disadvantage :
It takes a lot of time to come to a verdict
It needs a lot of time and resources
Arbitration: This is a more formal process than mediation and there will be an arbitrator who will provide the decision in the process. This type of method is more suitable for the cases with some technicality involved in it.
Advantage: These processes are flexible and less costly than litigation
The parties can have the right to select the preferred arbitrator
Disadvantage
If arbitration is mandatory in the contract between the parties, then the limitation cannot be used as the first method
The decision of the arbitration are not legally enforceable
ANSWER: B
I would suggest mediation as the method for the dispute resolution due to following points=
Lisa should not go for the arbitration as=
---------------------------------------------------------------------------------------------------------------------------------------------------------
Please please upvote my answer . Your upvote is valuable for me .Thank you !
Mike of Mike's Marketing Magic and Lisa of Lisa's Computer Cave have been doing business with...
Please see attached Pictures. This is a homework assignment for Legal environment of Business that i need help solving. Stacy mails Jennifer an offer to sell Jennifer 43 bags of rice for $107.00. Jennifer replies to Stacy by mail, stating, " agree to pay $105.75 for 43 bags of rice. Neither Stacy nor Jennifer are merchants. What is the status of Stacy's offer. 1. a. Jennifer has accepted it b. Jenifer has rejected it and counteroffered c, Jennifer has breached...
THE CASE Sameer Arkell and Marcy Haddow had worked for Crowdsite, an international computer repair service, for ten years. It therefore came as a surprise when they both received lay-off notices on a Friday afternoon early January 2015. Both were given severance packages that matched their seniority so they decided that this might be the catalyst to launch their own business repairing computers and related equipment for businesses in their community. Both were single and had no children, so no...
Question 1 For a firm to recognize revenue, it must 1 point Have delivered something to the customer have received at least some cash from the customer be earned and realized/realizable either have received cash or have a signed contract 2. Question 2 Your friend Yong has a company making and selling watches with bands that are customized to match university colors. The business started locally, but now has expanded around the world. His strategy is to sell in bulk...
Case review for Alaska Packers Assoc. v Domenico (9th Circuit, 1902) Issue, Ruling, Application, Conclusion ROSS, Circuit Judge. The libel in this case was based upon a contract alleged to have been entered into between the libelants and the appellant corporation on the 22d day of May, 1900, at Pyramid Harbor, Alaska, by which it is claimed the appellant promised to pay each of the libelants, among other things, the sum of $100 for services rendered and to be rendered....
Case: Enron: Questionable Accounting Leads to CollapseIntroductionOnce upon a time, there was a gleaming office tower in Houston, Texas. In front of that gleaming tower was a giant “E,” slowly revolving, flashing in the hot Texas sun. But in 2001, the Enron Corporation, which once ranked among the top Fortune 500 companies, would collapse under a mountain of debt that had been concealed through a complex scheme of off-balance-sheet partnerships. Forced to declare bankruptcy, the energy firm laid off 4,000...
Please read the article and answer about questions. You and the Law Business and law are inseparable. For B-Money, the two predictably merged when he was negotiat- ing a deal for his tracks. At other times, the merger is unpredictable, like when your business faces an unexpected auto accident, product recall, or government regulation change. In either type of situation, when business owners know the law, they can better protect themselves and sometimes even avoid the problems completely. This chapter...
CASE 20 Enron: Not Accounting for the Future* INTRODUCTION Once upon a time, there was a gleaming office tower in Houston, Texas. In front of that gleaming tower was a giant "E" slowly revolving, flashing in the hot Texas sun. But in 2001, the Enron Corporation, which once ranked among the top Fortune 500 companies, would collapse under a mountain of debt that had been concealed through a complex scheme of off-balance-sheet partnerships. Forced to declare bankruptcy, the energy firm...
Cloud 9 - Continuing Case Sharon Gallagher and Josh Thomas have assessed the internal controls at Cloud 9 as being effective at an entity level. This means that, at a high level, the company demonstrates an environment where potential material misstatements are prevented or detected. Answer the following questions based on the information presented for Cloud 9 in the appendix to this text and the current and earlier chapters. You should also consider your answers to the case-study questions in...
Hi there! I need to compare two essay into 1 essay, and make it interesting and choose couple topics which im going to talk about in my essay FIRST ESSAY “Teaching New Worlds/New Words” bell hooks Like desire, language disrupts, refuses to be contained within boundaries. It speaks itself against our will, in words and thoughts that intrude, even violate the most private spaces of mind and body. It was in my first year of college that I read Adrienne...