Examveda
Examveda

When the award of an arbitrator can not be "some where in between" and the arbitrator must choose one or the other of the respective cases formulated by the parties, the arbitration is called:

A. Look-Sniff Arbitration

B. FliP-Flop Arbitration

C. Specialized Arbitration

D. Ad-hoc Arbitration

Answer: Option B


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An Arbitration Agreement dated 1st December, 2018 provides for reference of disputes to four arbitrators with two to be appointed by each of the parties. The Arbitration Agreement:

A. Is void and non-actionable

B. Is to be construed as being of reference of disputes to a sole arbitrator

C. Is to be construed as being of reference of disputes to three arbitrators

D. Is to be construed as being of reference of disputes to five arbitrators with the fifth arbitrator being nominated by the two arbitrators of each party