Compare the different types of ADR and why ADR plays an important role in the legal system
What will be an ideal response?
ADR has become important in the legal system because it helps with caseloads, reducing time and money involved with litigation. There are many types of ADR: arbitration, the most popular, where parties choose an impartial third party to hear and decide the dispute; mediation, where a neutral party assists in reaching a settlement; and mini-trials, conciliation, and using a judicial referee are all other types of ADR. ADR does not resolve all disputes, but it has assisted in reducing court caseloads—thus it is not "going away."
You might also like to view...
The parties to an insurance contract must act in utmost good faith, which means that both the agent and the applicant
A) work together to find insurance for the lowest possible price B) make no attempt to deceive each other C) always arrive on time for meetings D) agree to transact insurance business"
Which of the following is true according to Porter's model?
A) When start-up costs are low, the threat of new entrants to existing businesses is high. B) The power of buyers reduces when deep discounts can be demanded of suppliers. C) The power of suppliers is high when constant competition forces them to innovate. D) The threat of substitutes is high when there are very few alternative products.