Which of the following statements is true of mediation?
A)It is more formal than negotiation but less formal than arbitration or litigation.
B)It involves more costs when compared to litigation.
C)If an agreement is reached,the mediation itself is usually binding.
D)The mediator renders a verdict in favor of one side or the other.
E)Regardless of the fact of disputants' reluctance to participate in the mediation process,the mediation will work.

Question

Quizplus · Accepted Answer

Mediation falls between negotiation and arbitration or litigation in terms of formality. It is a less formal process than arbitration or litigation because the mediator does not make a final decision but facilitates a negotiation between the parties. It is more formal than negotiation because it involves an impartial third-party mediator who is trained to help the parties communicate and reach a resolution.

B) is incorrect because mediation is generally less expensive than other forms of dispute resolution.

C) is incorrect because the agreement reached in mediation is not legally binding unless the parties choose to make it so.

D) is incorrect because the mediator does not render a verdict.

E) is incorrect because mediation requires the voluntary participation of both parties, and if one is not willing to participate, the process may not be effective.

Which of the Following Statements Is True of Mediation