Trey's dog escapes from his yard and bites Vance, and Vance threatens to sue. Trey pleads, "Can we settle the case out of court? I don't want to deal with a lawsuit." Vance doesn't mind the idea of settling out of court, but he and Trey can't agree on an amount of money that seems fair to both of them. If they still wish to settle the case and give an independent decision maker the legal right to hear the case and issue a binding ruling, What should they consider?
1) Mediation
2) Arbitration
3) Litigation
4) Negotiation