Chapter 4 Flashcards
What is a litigation?
A formal process whereby the plaintiff sues the defendant
What is the result of a litigation?
You are awarded money
Jury role in litigation
Jury determines the amount of money that they will award the plaintiff which can cover pain ad suffering + actual damages
What is restitution?
To place the plaintiff in the same position he would have been if the incident did not occur
Disadvantages of litigations?
Extensive pleadings to file, rules of evidence to follow, entire procedure is complex and expensive, and you need a lawyer in most courts
What is a Negotiation?
Discussion between 2 or more people to resolve a dispute
What is a Mediation?
3rd party helps resolve the dispute for the parties
What is an Arbitration?
Arbitrator i.e. Judge is brought in to help resolve the dispute
Advantage of Negotiation?
Confidentiality, Informal, Free
Disadvantage of Negotiation?
No legal enforcement
Advantage of Mediation?
Confidential, Informal, Suggestions
Disadvantage of Mediation?
No legal enforcement
Advantage of Arbitration?
Cheaper, Faster, Private
Disadvantage of Arbitration?
Can Be Overturned by the courts due to error
Cause of action?
A legal right recognized by law that gives you grounds to sue