quiz 2 - Legal Aspects of Real Estate Lesson 2 Cumulative...

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Legal Aspects of Real Estate Lesson 2 Cumulative Quiz 1. Which of the following is the least expensive method of dispute resolution? A. Arbitration B. Mediation C. Negotiation D. Trial C 2. A dispute resolution method in which a neutral third party facilitates discussion between parties, but does not impose a decision, is: A. arbitration B. defenestration C. mediation D. negotiation C 3. A contract requires the parties to use binding arbitration for any disputes that arise in connection with the contract. This is known as: A. involuntary arbitration B. mandatory arbitration C. voluntary arbitration D. Both B and C D 4. All of the following determine whether a court has jurisdiction, except: A. the amount of money at issue B. the type of claim at issue C. what state the parties reside in D. whether the parties want the case decided by a judge or jury D 5. If a plaintiff brings suit in the federal court system, the case will first be heard in a: A. Circuit Court B. District Court C. Superior Court D. Supreme Court B The court of general jurisdiction at the federal level is known as U.S. District Court. 6. A federal court always has jurisdiction over a case in all of these instances, except when: A. the amount in controversy is $7,500 or less B. the federal government is a party C. there is a question of federal law
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D. there is diversity of citizenship (and at least $75,000 at issue) A 7. The plaintiff initiates a lawsuit by filing a/an _____, which describes the cause of
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quiz 2 - Legal Aspects of Real Estate Lesson 2 Cumulative...

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