Business Law Quiz 3-1

Litigate

Take a dispute to court

Mediate

A neutral 3rd party helps settle the dispute; the result is non-binding

Arbitrate

A neutral 3rd party decides the dispute; the decision is binding

Direct negotiation

The parties settle the dispute themselves

Trial courts

Courts with original jurisdiction that decide issues of fact using a judge or jury

Appellate courts

Courts with appellate jurisdiction that use transcripts and appellate briefs to find errors

Trial courts vs. appellate courts

Trial courts decide issues of fact (judge or jury); appellate courts review transcripts and briefs to find errors

Article 3

Part of the Constitution that created the federal judicial system (the Supreme Court) and gave Congress power to create other federal courts

3 tiers of the federal court system

1) U.S. Supreme Court, 2) 13 Federal Courts of Appeal, 3) District (trial) courts and specialized jurisdiction courts

U.S. Supreme Court

Highest federal court; has limited original jurisdiction

Federal Courts of Appeal

13 courts in the federal system; no new evidence is allowed

District courts

Federal trial courts with general jurisdiction

Specialized jurisdiction courts (federal)

Federal courts for specific areas such as tax, international trade, and federal agencies