BUSI 301 - Week 2 Written Exam 2024.

BUSI 301 - Week 2 Written Exam 2024. Civil Litigation - CORRECT ANSWER a dispute resolution process of civil (noncriminal) cases in public courts of law. Dispute Resolution - CORRECT ANSWER A method of handling complaints outside the judicial process through a mediator appointed by the court Arbitration - CORRECT ANSWER settling a dispute by agreeing to accept the decision of an impartial outsider informal settlements/consent decrees - CORRECT ANSWER practical devices to cut across the procedures already outlined Class Action Lawsuit - CORRECT ANSWER Lawsuit in which a group of people with the same or similar injuries sue for damages that were caused by the same defendant. Class Action Lawsuit is Centered On - CORRECT ANSWER 1. illegal conduct such as discriminatory employment practices 2. involvement in an unlawful transaction such as consumer fraud 3. sale of a defective product such as a pharmaceutical drug or medical device. Mass Tort Action - CORRECT ANSWER class action lawsuit that involves a massive accident, such as a train derailment. Class Action Fairness Act of 2005 - CORRECT ANSWER - provides federal courts with authority to scrutinize procedures for the review of class action settlements - changes the rules for evaluating settlements - provides for more judicial oversight of coupon settlements