Law - Mock Exam Assignment Example | Topics and Well Written Essays - 1250 words

Law - Mock Exam - Assignment Example The two parties did not choose this method because of their friendship. They were friends and both were unable to go file a lawsuit. Their friendship was too strong to allow them to choose this method. Litigation would take a very long time to solve their case and they would lose even more time and resources. They had already lost enough and wanted to solve their dispute in the shortest time possible. Formal methods of dispute resolution are much slower than the informal ones. They take more time to resolve disputes due to increased cases that are filed every day in the formal sector. This makes it difficult for the few resources available to solve the many cases filed. The formal methods of dispute resolution are more costly than the informal methods. They require professionals who need to be paid dearly. The informal methods do not necessarily use professionals. This makes them a bit affordable and less costly for many people as compared to formal methods. The formal dispute resolution methods are open to everyone while those of the informal system are not open. All the details of a formal system of dispute resolution are read out loudly for everyone to hear even if one or both of the parties involved might not like it. In the informal sector things are done privately and only information that both parties want to be open will be open. The formal sector’s decision is final and binding but gives room for appealing. The informal sector’s decision is not final and neither is it binding. The two parties accept the decision only if they are comfortable with it. The formal methods give final decisions and do not care about the views of the individual parties. On the road through Dubai the driver lost control of the van and crashed into a Taxi causing injuries to two people, one Egyptian tourists and the driver of the taxi. The accident