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    Question

    According to the Arbitration and Conciliation Act which

    of the following is incorrect with respect to an Arbitration Agreement?
    A An arbitration agreement shall be in writing Correct Answer Incorrect Answer
    B An arbitration agreement can be oral or in writing Correct Answer Incorrect Answer
    C An arbitration agreement must be in a document signed by the parties Correct Answer Incorrect Answer
    D An arbitration agreement may be in the form of a separate agreement Correct Answer Incorrect Answer
    E An arbitration agreement may be in the form of an arbitration clause in a contract Correct Answer Incorrect Answer

    Solution

    Explanation: Section 7 - Arbitration agreement.ā€”(1) In this Part, ā€œarbitration agreementā€ means an agreement by the parties to submit to arbitration all or certain disputes which have arisen or which may arise between them in respect of a defined legal relationship, whether contractual or not. (2) An arbitration agreement may be in the form of an arbitration clause in a contract or in the form of a separate agreement. (3) An arbitration agreement shall be in writing. (4) An arbitration agreement is in writing if it is contained inā€” (a) a document signed by the parties; (b) an exchange of letters, telex, telegrams or other means of telecommunication including communication through electronic means which provide a record of the agreement; orĀ (c) an exchange of statements of claim and defence in which the existence of the agreement is alleged by one party and not denied by the other.

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