- 1 Marks
Question
Which of the following means Alternative Dispute Resolution?
A. Private hearing
B. Public hearing
C. General intervention
D. Conciliation
E. Commission of Inquiry
Answer
D. Conciliation
Explanation:
Conciliation is a form of Alternative Dispute Resolution (ADR) where a neutral third party helps the disputing parties come to a mutually acceptable agreement. It is commonly used to avoid the cost and time involved in litigation and is part of the broader category of ADR methods, including mediation and arbitration. The answer reflects this nature of conciliation as an informal, non-binding process aimed at dispute resolution.
- Tags: Arbitration, Business Law, Dispute Resolution, Mediation
- Level: Level 1
- Topic: Alternative Dispute Resolution
- Series: MAY 2024
- Uploader: Dotse