Canadian Business and the Law Questions With Accurate
Answers.
Alternative dispute resolution (ADR) - accurate answers-A range of options
for resolving disputes as an alternative to litigation.
Negotiation - accurate answers-A process of deliberation and discussion
intended to reach a mutually acceptable resolution to a dispute.
Release - accurate answers-An agreement where a party agrees to relinquish
past, present, and future claims arising from a certain event.
Mediator - accurate answers-A person who helps the parties resolve their
dispute.
Arbitrator - accurate answers-A person who listens to the parties to a dispute
and makes a ruling that is usually binding on the parties.
Binding - accurate answers-Final and enforceable in the courts.
Plaintiff - accurate answers-The party that initiates a lawsuit against another
party.
Defendant - accurate answers-The party being sued.
Limitation period - accurate answers-The time period specified by legislation
for commencing legal action.
Class action - accurate answers-A lawsuit launched by one person who
represents a class of persons having similar claims against the same
defendant.
Pleadings - accurate answers-The formal documents concerning the basis for
a lawsuit.
Claim - accurate answers-The formal document that initiates litigation by
setting out the plaintiff's allegations against the defendant.
, Defence - accurate answers-The defendant's formal response to the plaintiff's
allegations.
Counterclaim - accurate answers-A claim by the defendant against the
plaintiff.
Discovery - accurate answers-The process of disclosing evidence to support
the claims in a lawsuit.
Trial - accurate answers-A formal hearing before a judge that results in a
binding decision.
Burden of proof - accurate answers-The obligation of the plaintiff to prove its
case.
Evidence - accurate answers-Proof presented in court to support a claim.
Decision - accurate answers-The judgment of the court that specifies which
party is successful and why.
Costs - accurate answers-Legal expenses that a judge orders the loser to pay
the winner.
Judgment debtor - accurate answers-The party ordered by the court to pay a
specified amount to the winner of a lawsuit.
Appeal - accurate answers-The process of arguing to a higher court that a
court decision is wrong.
Appellant - accurate answers-The party who begins or files an appeal.
Respondent - accurate answers-The party against whom an appeal is filed.
Contingency fee - accurate answers-A fee based on a percentage of the
judgment awarded, and paid by the client to the lawyer only if the action is
successful.
Contract - accurate answers-An agreement between two parties that is
enforceable in a court of law.
Answers.
Alternative dispute resolution (ADR) - accurate answers-A range of options
for resolving disputes as an alternative to litigation.
Negotiation - accurate answers-A process of deliberation and discussion
intended to reach a mutually acceptable resolution to a dispute.
Release - accurate answers-An agreement where a party agrees to relinquish
past, present, and future claims arising from a certain event.
Mediator - accurate answers-A person who helps the parties resolve their
dispute.
Arbitrator - accurate answers-A person who listens to the parties to a dispute
and makes a ruling that is usually binding on the parties.
Binding - accurate answers-Final and enforceable in the courts.
Plaintiff - accurate answers-The party that initiates a lawsuit against another
party.
Defendant - accurate answers-The party being sued.
Limitation period - accurate answers-The time period specified by legislation
for commencing legal action.
Class action - accurate answers-A lawsuit launched by one person who
represents a class of persons having similar claims against the same
defendant.
Pleadings - accurate answers-The formal documents concerning the basis for
a lawsuit.
Claim - accurate answers-The formal document that initiates litigation by
setting out the plaintiff's allegations against the defendant.
, Defence - accurate answers-The defendant's formal response to the plaintiff's
allegations.
Counterclaim - accurate answers-A claim by the defendant against the
plaintiff.
Discovery - accurate answers-The process of disclosing evidence to support
the claims in a lawsuit.
Trial - accurate answers-A formal hearing before a judge that results in a
binding decision.
Burden of proof - accurate answers-The obligation of the plaintiff to prove its
case.
Evidence - accurate answers-Proof presented in court to support a claim.
Decision - accurate answers-The judgment of the court that specifies which
party is successful and why.
Costs - accurate answers-Legal expenses that a judge orders the loser to pay
the winner.
Judgment debtor - accurate answers-The party ordered by the court to pay a
specified amount to the winner of a lawsuit.
Appeal - accurate answers-The process of arguing to a higher court that a
court decision is wrong.
Appellant - accurate answers-The party who begins or files an appeal.
Respondent - accurate answers-The party against whom an appeal is filed.
Contingency fee - accurate answers-A fee based on a percentage of the
judgment awarded, and paid by the client to the lawyer only if the action is
successful.
Contract - accurate answers-An agreement between two parties that is
enforceable in a court of law.
