Which of the following is a major characteristic of a pre-settlement settlement?
A) The settlement results in a firm,legally binding written agreement between the parties.
B) It occurs in advance of the parties undertaking a full-scale negotiation.
C) The parties intend that the agreement will be replaced by a more clearly delineated long-term agreement which is to be negotiated.
D) It resolves only a subset of the issues on which the parties disagree,and may simply establish a framework within which the more comprehensive agreement can be defined and delineated.
E) All of the above are characteristics of a pre-settlement settlement.

Question

Quizplus · Accepted Answer

A pre-settlement settlement often involves a preliminary agreement that is legally binding (A), occurs before full-scale negotiations (B), is intended to be replaced by a more detailed long-term agreement (C), and typically resolves a subset of issues, setting a framework for a comprehensive agreement (D). Thus, all the given options are characteristics of a pre-settlement settlement.

Which of the Following Is a Major Characteristic of a Pre-Settlement