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Examveda

Which of the following is incorrect statement:

A. Conciliation is a process where one party of dispute initiates and other party assents to adopt

B. Conciliation is a method of settlement

C. Conciliation applies to contractual dispute only

D. None of the above

Answer: Option C


This Question Belongs to Law >> Arbitration And Conciliation Act

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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