Question

Holt and collins decide to have their dispute arbitrated by corrales. What will not be a result of the arbitration?

Answer 1

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.