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Caution...Binding Arbitration is how they get you.
Mandatory Binding Arbitration -- A Corporate End Run Around the Civil Justice System
more than 35 years, Corporate America has been trying to take power
and authority away from civil juries. With mandatory binding
arbitration, they are accomplishing exactly the same objective –
abolishing jury trials and eliminating the American public’s right
to sue and hold accountable corporations that cause injuries.
Kia Dealers Financing contracts, Leasing contracts and binding arbitration in Denver, Colorado.
Mandatory binding arbitration is a process by which parties “agree”
before any dispute arises (although consumers rarely know they have
“agreed”) to have a third party arbitrator (single arbitrator or a
panel), instead of a jury or judge, resolve a dispute. (It should be
noted that there is nothing wrong with arbitration provided its use
is knowing and voluntary and the agreement to arbitrate occurs after
a dispute arises.) ---
Rock Day Care
If your Kia Dealership financing or leasing contract contains a dispute resolution solution which incorporates Binding Arbitration be sure you understand you are giving away many legal rights to sue, including for overcharges, exorbitant financing fees, warranty etc. As always, read the "fine print" or ask the Finance manager directly about dispute resolution procedures.
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Rock Day Care CPO
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