
Chapter 3 Vocab - Business Law
Flashcard
•
Business
•
10th Grade
•
Practice Problem
•
Easy
Laura Dion
Used 2+ times
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18 questions
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1.
FLASHCARD QUESTION
Front
To place a dispute before a court of law for resolution.
Back
litigate
2.
FLASHCARD QUESTION
Front
A third party brought into a dispute to develop a solution acceptable to both sides of the dispute. The actions of a mediator are not legally binding.
Back
mediator
3.
FLASHCARD QUESTION
Front
A third party, usually hired by both parties who holds an informal hearing to determine what occurred. An arbitrator’s decision is binding to both parties and can be enforced in court if necessary.
Back
arbitrator
4.
FLASHCARD QUESTION
Front
A governmental forum that administers justice under the law.
Back
court
5.
FLASHCARD QUESTION
Front
The first court to hear a dispute.
Back
trial court
6.
FLASHCARD QUESTION
Front
A decision in a court case.
Back
verdict
7.
FLASHCARD QUESTION
Front
The original power to decide a case.
Back
original jurisdiction
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