Winston College 6. A ....... ....... is an instrument where one person orders another to pay a third party a. Payment order b. Bill of exchange c. Bill of lading d. Bill of order 7. A promissory note involves two parties and is a promise by one person to pay another at some point it the future a. True b. False 8. The employee can be dismissed without notice when there is serious absenteeism, consistent tardines open disobedience, habitual negligence, incompetence or immoral conduct a. True b. False 9. A ....... ...... liability is a principle that holds the employer or master liable for the tortious acts of an employee done in the course of the employment a. Tortious b. Intangible c. Contingent d. Vicarious 10. A/An ......... is a third party appointed by the parties or the government to settle the dispute with binding on solution a. Mediator b. Arbitrator c. Negotiator d. All of above 1 1. An alternate dispute resolution include a. Mediation b. Arbitration c. Negotiation d. All of above