CIPS Exam A8 Topic 1 Question 56 Discussion

Actual exam question for CIPS's A8 exam

Question #: 56
Topic #: 1

[All A8 Questions]

Which of the following best describes litigation as a means of settling disputes between buyer and seller?

AIt is often used in international contracts

BIt is an agreement between both parties resulting from amicable discussion

CIt is an adversarial action under rules established in a country's constitution

DIt is a form of expert determination using a third party.

Show Suggested Answer

Suggested Answer: B

by Erin at Apr 26, 2024, 04:57 AM

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Renay

7 months ago

I agree with Eva, I think litigation is an adversarial action regulated by the country's laws.

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Brinda

7 months ago

I think option C is the most accurate, as it involves legal action in court.

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Staci

7 months ago

I believe litigation is a form of expert determination using a third party.

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Milly

7 months ago

I think both answers could be correct, depending on the specific situation.

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My

7 months ago

I disagree, I believe it is an adversarial action under rules established in a country's constitution.

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Joaquin

7 months ago

I think litigation is often used in international contracts.

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Marshall

8 months ago

D) It is a form of expert determination using a third party.

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Derick

8 months ago

What about using an expert to help determine the outcome?

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Marshall

8 months ago

Ideally, yes. But sometimes litigation is necessary when parties cannot come to a resolution on their own.

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Lonny

8 months ago

B) It is an agreement between both parties resulting from amicable discussion

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Derick

8 months ago

But isn't it better to resolve conflicts through discussion and agreement?

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Marshall

8 months ago

That's right, especially when there are disagreements between parties from different countries.

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Lonny

8 months ago

A) It is often used in international contracts

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Derick

8 months ago

So, it's basically when both parties go to court to settle their dispute?

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Marshall

8 months ago

C) It is an adversarial action under rules established in a country's constitution

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