Focus on Personal Finance: Chapter 6
legal aid society
One of a network of publicly supported community law offices that provide legal assistance to consumers who cannot afford their own attorney.
mediation
The attempt by an impartial third party to resolve a difference between two parties through discussion and negotiation.
arbitration
The settlement of a difference by a third party whose decision is legally binding.
warranty
A written guarantee from the manufacturer or distributor of a product that specifies the conditions under which the product can be returned, replaced, or repaired.
service contract
An agreement between a business and a consumer to cover the repair costs of a product.
small claims court
A court that settles legal differences involving amounts below a set limit and employs a process in which the litigants usually do not use a lawyer.
class-action suit
A legal action taken by a few individuals on behalf of all the people who have suffered the same alleged injustice.
