CIPS Exam A8 Topic 1 Question 56 Discussion

Actual exam question for CIPS's A8 exam

Question #: 56
Topic #: 1

Which of the following best describes litigation as a means of settling disputes between buyer and seller?

AIt is often used in international contracts

BIt is an agreement between both parties resulting from amicable discussion

CIt is an adversarial action under rules established in a country's constitution

DIt is a form of expert determination using a third party.

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Suggested Answer: B

by Erin at Apr 26, 2024, 04:57 AM

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2 hours ago

B) It is an agreement between both parties resulting from amicable discussion

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1 days ago

But isn't it better to resolve conflicts through discussion and agreement?

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2 days ago

That's right, especially when there are disagreements between parties from different countries.

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3 days ago

A) It is often used in international contracts

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4 days ago

So, it's basically when both parties go to court to settle their dispute?

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5 days ago

C) It is an adversarial action under rules established in a country's constitution

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