Which of the following characterizes arbitration?
A. It is the liability of a state for the injuries that it causes to foreign persons.
B. It is the process by which parties to a dispute submit their differences to the judgment of an impartial third person or group selected by mutual consent.
C. It is the basic rights intended to protect all people from cruel and inhumane treatment, threats to their lives, and persecution.
D. It is justice applied in circumstances not covered by rules of law.
B
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For federal income tax purposes, the basis of real property acquired by a purchaser is the property's:
a. cost b. market value c. basis to the seller plus the seller's profit d. market value minus any outstanding loan balance.
James has decided to buy a new vehicle. His brother John has recently purchased a new truck and recommends the same model to James. James finally decides to buy the same truck
Which of the following sources of information has most likely influenced James' purchase decision? A) experiential sources B) public sources C) personal sources D) commercial sources E) market mavens