Question

Holt and Collins decide to have their dispute arbitrated by Corrales. Which of the following will NOT be a result of the arbitration?

1) Corrales will render a binding decision.
2) Holt and Collins retain the right to a class action.
3) Holt and Collins give up the right to discovery.
4) Corrales need not give reasons for the decision.

Answer 1

In an arbitration case, Corrales will render a binding decision, Holt and Collins give up the right to a class action, they do not give up the right to discovery, and Corrales needs to give reasons for the decision.

Step-by-step explanation:

In this arbitration case between Holt and Collins, there are several results that will occur. One of them is that Corrales will render a binding decision. This means that the decision made by Corrales will be final and both parties will be obligated to follow it. However, one result that will NOT happen is that Holt and Collins retain the right to a class action. Class actions are collective lawsuits where a group of individuals with similar claims can sue together as a single representative.

Additionally, Holt and Collins do not give up the right to discovery during arbitration. Discovery is the process where both parties can request information and evidence from each other to build their case. It is important to note that Corrales, as the arbitrator, does need to give reasons for the decision made. This is to ensure transparency and allow the parties to understand the basis for the decision.