New Click here to Enroll for SIDBI MSME Expert Class by ex-GM, SBI on Nov 24

    Register

    Question

    What is the primary purpose of Alternate Dispute

    Resolution?
    A To encourage lengthy litigation processes Correct Answer Incorrect Answer
    B To replace the traditional legal system entirely Correct Answer Incorrect Answer
    C To facilitate settlement negotiation and avoid litigation Correct Answer Incorrect Answer
    D To limit the involvement of legal professionals Correct Answer Incorrect Answer

    Solution

    To facilitate settlement negotiation and avoid litigation, Explanation: Alternate Dispute Resolution refers to a variety of processes and techniques designed to help disagreeing parties come to an agreement short of litigation. These processes can be including facilitated settlement negotiation, in which disagreeing parties are encouraged to consult directly with each other prior to some other legal process, to arbitration, which can look like a standard trial. Most commonly used ADR systems are negotiation, mediation, arbitration etc.

    Practice Next