BUSINESS LAW (LOOSE)-W/ACCESS >CUSTOM<
16th Edition
ISBN: 9781305768697
Author: Mann
Publisher: Cengage Learning
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Chapter 3, Problem 5CO
Summary Introduction
To compare: Arbitration, conciliation, litigation and mediation.
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Identify and explain the different alternative dispute resolution (ADR) mechanisms.What are the advantages and disadvantages of ADR compared to litigation?
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What happens when homeowners owe more to subcontractors than the total price they were to pay the general contractor because the general contractor has not paid the subcontractors and the general contractor is no longer solvent?
a. Courts and states have differing standards of equity applied in resolving these issues
b. The homeowners cannot be liened by the subcontractors
c. Homeowners are always exempt from paying more than they owed the general contractor
d. The homeowners must pay the full amount due to all subcontractors
Chapter 3 Solutions
BUSINESS LAW (LOOSE)-W/ACCESS >CUSTOM<
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