When the dispute is put to a neutral third party who is not a judge it is called as
A)arbitration.
B)mediation.
C)litigation.
D)piercing the veil.

Question

Quizplus · Accepted Answer

Mediation refers to the process of resolving a dispute through the assistance of a neutral third party, who helps the parties involved come to a mutually acceptable agreement. In contrast, arbitration involves the submission of the dispute to a third-party arbitrator who renders a binding decision. Litigation involves the parties presenting their case before a judge in a court of law. Piercing the veil refers to a legal doctrine that allows creditors or claimants to hold shareholders or owners of a company personally liable for the debts and obligations of the company, in certain circumstances.

When the Dispute Is Put to a Neutral Third Party