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Which of the following is a common method for resolving disputes in partnerships

Practice Questions

Q1
Which of the following is a common method for resolving disputes in partnerships?
  1. Public litigation
  2. Mediation or arbitration
  3. Ignoring the issue
  4. Dissolving the partnership immediately

Questions & Step-by-Step Solutions

Which of the following is a common method for resolving disputes in partnerships?
  • Step 1: Understand that disputes can happen in partnerships.
  • Step 2: Learn that mediation is when a neutral person helps both sides talk and find a solution.
  • Step 3: Know that arbitration is when a neutral person makes a decision for both sides after hearing their arguments.
  • Step 4: Recognize that both mediation and arbitration are common ways to resolve disputes in partnerships.
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