Question

pop quiz
yes or no questions:

1. is meditation often used in international transactions?
2. does the federal arbitration act aim to reduce judicial interference in arbitration processes?
3. are arbitration procedures typically more formal than traditional litigation processes?

true or false questions:

1. true or false: arbitration is regarded as the oldest form of alternative dispute resolution (adr).
2. true or false: the consumer financial protection bureau has proposed eliminating mandatory arbitration in consumer credit contracts.
3. true or false: adr processes are usually less expensive and more private than litigation.
4. true or false: civil litigation processes do not include an option for appeals after a trial.

Explanation:

1. Mediation is not often used in international transactions compared to arbitration. It is mainly a negotiation - facilitating process.
2. The Federal Arbitration Act aims to enforce arbitration agreements and reduce judicial interference in arbitration.
3. Arbitration procedures are generally less formal than traditional litigation.
4. Arbitration is one of the oldest forms of ADR.
5. The Consumer Financial Protection Bureau has indeed proposed eliminating mandatory arbitration in consumer credit contracts.
6. ADR processes are usually less expensive and more private as they avoid the formalities and public - nature of litigation.
7. Civil litigation processes do include an option for appeals after a trial.

Answer:

1. No
2. Yes
3. No
4. True
5. True
6. True
7. False