Answer:
If Holt and Collins retain the right to a Class action.
Explanation:
Arbitration is a method of resolving disputes outside of court. The Parties involved in the case refer their disputes to an arbitrator who will making a decision after reviewing the evidence and listening to the parties.
Arbitration clauses can be mandatory or voluntary, and the arbitrator's decision may be binding or nonbinding. (binding means you are not going to court again, but would abide by the decisions if the arbitrator).
Furthermore, the Arbitration is a legal technique used by the parties involved in a dispute to resolve the disputes outside the courts, the parties refer the disputes to one or more persons called either the "arbitrators", "arbiters" or "arbitral tribunal", by whose decision (the "award") they agree to be bound.
Then A "class action" lawsuit or the
"mass tort litigation" is one in which a group of people with the same or similar injuries caused by the same product or action sue the defendant as a group. It can also be called the "multi-district litigation".
If Holt and Collins decide to retain the right to a Class action, it will definitely not be the result of an arbitration.
Answer:
Democracy
A democracy can be defined as a government system with supreme power placed in the hands of the people. It can be traced back to as early as the fifth century B.C. In fact, the word democracy is Greek for “people power”. While most use the United States as an example of a democratic government system, the United States actually has what is called a representative democracy. The difference lies in the method of civilian participation. In a direct democracy, every citizen is given an equal say in the government. In a representative democracy, citizens elect representatives who make the law. The difference is significant when put into action. Other examples of democratic states include Aruba, Bulgaria, Canada, Costa Rica and the Dominican Republic.
Republic
In a republic government system, the power also rests with the people, as they are in charge of electing or choosing the country’s leader, instead of the leader being appointed or inheriting power. Broadly defined, a republic is a government system without a monarch. A republic may be governed by a group of nobles, as long as there is not a single monarch. Some examples of countries with a republic government system include Argentina, Bolivia, Czech Republic and France.
Explanation: Democratic republic
