Which of these refers to a dispute resolution process held instead of court cases in which both sides present their case to a legal professional?
A)Litigation
B)Arbitration
C)Mediation
D)Piercing the veil

Question

Quizplus · Accepted Answer

Arbitration is a dispute resolution process in which both sides present their case to a legal professional, who makes a final decision that is legally binding on both parties. Litigation refers to the process of taking a case through court, while mediation is a process in which a neutral third party helps the disputing parties come to a mutually acceptable solution. "Piercing the veil" refers to a legal concept in which the corporate veil of a company is lifted in order to hold individual shareholders or directors liable for the actions of the company.

Which of These Refers to a Dispute Resolution Process Held