Question

Holt and Collins decide to have their dispute settled by Corrales, who is not a judge. The proceeding has the look and feel of a trial, but the final decision by Corrales is binding and non-appealable. This is an example of arbitration.a. Corrales will render a binding decision. b. Holt and Collins retain the right to a class action. c. Holt and Collins give up the right to discovery. d. Corrales need not give reasons for the decision.

Answer 1

Answer:

A) Corrales will render a binding decision.

C) Holt and Collins give up the right to discovery.

D) Corrales need not give reasons for the decision.

Explanation:

An arbitration is a legal process by which disputes between private parties are solved. All the parties involved in the dispute agree to be bound to the decision of the arbitrator (a single person or a group of people).

The parties involved must present evidence supporting their position and the arbitrator must decide in favor of one of the parties.