Business law

Does the mediator have the right to make judgments? 

• yes, of course

• absolutely no

• yes if both parties can't reach an agreement

What type of disputes is mediation used for?

• contract

• family

• personal injury

• all are correct

Joe and Jane are neighbors. Jane is playing her music too loud. Joe calls Jane and asks her to stop playing her music so loud. Jane doesn't think it is loud. She suggests that they contact Bob, president of the neighborhood association, to help them resolve their problem. Joe and Jane met with Bob. Bob suggests Jane keep her volume level at 4 past 10. Jane refuses to agree. Joe and Jane walk away without agreeing to a solution.What method of ADR is used in the following example?

• arbitration
• negotiation
• mediation
• court

Disputes will be resolved by arbitration if

• not accepted by the court
• during the dispute one party loses its legal status
• in the contract the parties have an arbitration agreement
• none of the answers are correct

The settlement of business disputes for enterprises with Vietnamese nationality:

• Must be resolved by arbitration or court and must comply with Vietnamese law.
• Must be resolved by arbitration or court and must comply with foreign laws.
• Depending on each specific case, it may be resolved by a court or arbitration under Vietnamese or foreign law.
• None of the answers are correct

Arbitration center:

• is a non-governmental organization
• has no legal status
• None of the above answers is correct
• Both of the following answers are correct

The settlement of disputes by the court must strictly comply with formal regulations, especially legal regulations, provisions of the:

• Civil Procedure Code 2015.
• Law on Commercial Arbitration
• Law on enterprise 2020
• Commercial law 20019

What is one of the characteristics of commercial dispute resolution by court?

• Non-coercive
• Flexible
• Follow the principle of open trial.
• The parties have to pay the judge's remuneration

A disadvantage of commercial dispute resolution by court is:

• Court decisions are easy to gain international recognition.
• Costly
• Procedures in court are flexible
• The proceedings may be delayed and prolonged.

My mom goes to the market and finds a piece of meat she really likes but she is not willing to pay 5$ for it so she haggle over the price with the seller. Is this a negotiation?

• True
• False