L5M3 Exam Dumps : Managing Contractual Risk

Explanation

The correct answers are as follows:

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This is a condition as it is fundamental to the contract.

Explanation

The correct answers are as follows:

The answer is collaborate because they have set up a meeting to discuss options.

Explanation

The correct answers are 1 and 3. The other options are false; Mediation does not produce legal precedents- only litigation can do this. Mediation is a cheap dispute resolution option (much cheaper than arbitration or litigation) and the third party has no authority on the matter- they are there as a facilitator of dialogue, not to make a judgement. For more information on mediation see p.74