After a year of launching a successful company, creative differences and other issues arose between Mr. Lai and Mr. Kumar which created a rift between them. To help resolve their dispute, Mr. Savalkar, the Secretary of a Law firm, whom they had mentioned in the agreement to resolve their disputes and give an award, is hearing them out before giving his award. [1].
A. Both disputes can be resolved through litigation.
B. Both disputes can be resolved through mediation.
C. Both disputes can be resolved through arbitration.
D. Both disputes can be resolved through conciliation.
Answer:C
After a year of launching a successful company, creative differences and other issues arose between Mr. Lai and Mr. Kumar which created a rift between them. To help resolve their dispute, Mr. Savalkar, the Secretary of a Law firm, whom they had mentioned in the agreement to resolve their disputes and give an award, is hearing them out before giving his award. [1].
A. Both disputes can be resolved through litigation. B. Both disputes can be resolved through mediation. C. Both disputes can be resolved through arbitration. D. Both disputes can be resolved through conciliation.