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Examveda

Which among the following are covered within 'Arbitration Agreement' as per Section 7 of the Arbitration and Conciliation Act 1996?
1. Oral agreement.
2. It may be in the form of a separate agreement.
3. Agreement by parties to submit the disputes which have arisen.
4. Agreement by parties to submit the disputes which may arise.
Select the correct answer using the given below.

A. 1, 2 and 3

B. 2, 3 and 4

C. 3 and 4 only

D. 1 and 4

Answer: Option B


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Related Questions on Arbitration and Conciliation Act

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