After a mediation, Bashir and Otis sign a written settlement agreement. What is its legal effect?
Answer and explanation
Correct answer: A. It is a contract enforceable in the usual way, once the terms are agreed and signed
- Step 1: A mediated settlement is a contract.
- Step 2: The ordinary rules on offer, acceptance, consideration or deed apply to it.
Answer
It is a contract enforceable in the usual way, once the terms are agreed and signed.
Why not the others: Judicial approval is not needed except for specified cases; a mediator's signature is not required; there is no six-month rule.
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