The Class Action Fairness Act Is a First Step Toward

question 78

True/False

The Class Action Fairness Act is a first step toward setting limits on the amount of damages for which companies are liable should their products harm consumers.

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Definitions:

Arbitration

A method of dispute resolution outside of courts where an arbitrator makes a decision which is binding to both parties.

Litigation

The process of resolving disputes or controversies by filing lawsuits in court.

Mediation

A form of alternative dispute resolution where a neutral third party helps the disputing parties come to a mutually agreeable solution.

Summary Jury Trial

A condensed version of a jury trial intended as a non-binding process to encourage settlement of disputes.