Unit 1 - Chapter 4 Flashcards
An ______ provides a range of options for resolving disputes as an alternative to litigation
alternative dispute resolution
In international transactions, _____ is advantageous b/c it can overcome the difficulties with international litigation relation to choice of law and jurisdiction
arbitration
the time period specified by legislation for commencing legal action is known as the _____
limitation period
- -> varies widely depending on the nature of the lawsuit and the province
- -> right to sue is lost after the applicable period of time ends
What are the four stages in most lawsuits?
- Pleadings - each side files formal documents setting out their claims and defences
- discovery - each side shares its evidence and cross-examines the other to gain evidence
- trial and decision - “costs” will normally be paid for by the loser
- enforcement - winner can collect judgement by using seizure and garnishment procedures
________ is the obligation of the plaintiff to prove its case “beyond the balance of probabilties”
burden of proof
____ are the formal documents concerning the basis for a lawsuit
pleadings
A claim by the defendant against the plaintiff is known as a _____
counterclaim
____ is the process of disclosing evidence to support the claims in a lawsuit
discovery
A ______fee is a fee based on a %age of the judgement awarded and paid by the client to the lawyer only if the action is successful
contingency
Overall, ____ risk is much higher in the USA than Canada
litigation