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Business Law Chapter 3

Terms in this set (29)

What is the legal term when two parties try to reach a mutually acceptable solution?
Negotiation
During preparation for a Negotiation, what could help prevent the disagreement from continuing?
setting a time limit
What is the legal term when one person takes a dispute to court?
litigate
Who is an independent third party who tries to have parties settle their disputes voluntarily?
mediator
In mediation, what is a caucus?
the parties are put in separate rooms
Who is a person who makes a decision that is binding on both parties?
arbitrator
What is a lawsuit brought against an individual to enforce a private right?
civil action
In the Business Law class, which of the following was given as the definition of a "court"?
a tribunal established to administer justice under the law
What is the first court to hear a dispute (with Judge, Lawyers, and Court Officials)?
trial court
What is the first court that reviews decisions of trial courts?
appellate court
Which of the following is NOT true regarding Appellate Courts?
They may accept new evidence.
What is the word-for-word written record of what was said at the trial?
Transcript
Which of the following is NOT a possible ruling by an Appellate Court?
Recommended
How long does a Justice of the U.S. Supreme Court stay on the court?
For life
What official ensures the effective operation of the federal judicial system?
marshal
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