In: Finance
Is Amtrak's arbitration agreement fair to consumers? Why or why not? Discuss with specific reference to relevant parts of the agreement, including Amtrak’s justifications for, and defenses of, the arbitration agreement as stated in the following sections of the agreement: Our Commitment to Customers, Your Legal Rights - Protected Through Arbitration, Benefits, and Myths & Misunderstandings.
Amtrak, which started operations in 1971, is a federal government institution that would comply with the laws of the United States. Constitution and acts only in accordance with the authority delegated by the Congress. The Congress ordered Amtrak to offer passenger rail services to American travellers; it did not allow Amtrak to compel travellers to forfeit their right to go to court if they were harmed by Amtrak, according to the complaint.
Provides a resolution to our consumers in less time — generally well within one year of filing — by preventing unnecessary discovery and other time-consuming hearings, and sometimes years of waiting for a trial date on overcrowded court .
Amtrak announced that it had entered into an arbitration agreement in January 2019, after agreeing that the resolution of passenger grievances by arbitration would enhance customer service and minimise the cost of litigation.