Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

6 5 [ Jade Shoes ] Coleman owns a sporting goods store and has purchased top - quality, brand - name athletic shoes from Jade's

65[Jade Shoes] Coleman owns a sporting goods store and has purchased top-quality, brand-name athletic shoes from Jade's Shoe Distribution for many years, but they have no written contract in place. Last month, Coleman learned that the latest shipment from Jade's are not authentic, brand-name shoes but instead a knock-off brand that costs a fraction of the price Coleman pays. Coleman cannot sell these shoes because his customers would know the difference, and Coleman demanded Jade refund him. Jade sent Coleman a written request for arbitration within thirty days. In response, Coleman called Jade, threatening to file a lawsuit against Jade and exposing her company as a fraud. Jade laughs, saying Coleman is required to arbitrate their dispute within thYrty days.
Which of the following is not considered an advantage of ADR over traditional litigation as set out in the text readings?
ADR is usually less expensive than litigation.
ADR is structured to be flexible for the parties.
ADR is less adversarial in nature.
Businesses may not want to set a precedent through a court decision.
Companies can hide their legal issues from the public.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Effective small business management An Entrepreneurial Approach

Authors: Norman M. Scarborough

10th Edition

132157462, 978-0132157469

More Books

Students also viewed these General Management questions

Question

What is the equity risk premium, and how is it calculated?

Answered: 1 week ago

Question

1 What is economic growth and how do we calculate its rate?

Answered: 1 week ago