What Would Be the Result in an Instance Where the Parties

question 6

Essay

What would be the result in an instance where the parties have a contract to arbitrate, but the plaintiff elects to commence a civil suit anyway?

---

Definitions:

Minimum Wages

The lowest legal hourly pay that employers can offer to workers, intended to protect employees from unduly low earnings.

Federal Level

Pertaining to the national government, as opposed to state, local, or municipal levels, involving decisions, laws, and policies that affect the entire country.

Equilibrium Price

A financial point in the marketplace where goods supplied and goods demanded are identical in quantity.

Price Floor

A price floor is a minimum price set by the government or another body, below which the price of a product cannot fall.