Law · Arbitration and Conciliation Act, 1996
Which of the following describes a material difference between an arbitration agreement and an ordinary contract?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1In an ordinary contract, the obligations of the parties cannot generally be specifically enforced and breach results only in damages.
- 2The primary remedy for breach of an agreement to arbitrate is not damages but its enforcement through referral to arbitration.
- 3Both A and B are correct statements representing the distinct features.✓
- 4Both A and B are incorrect statements.
Correct answer
Both A and B are correct statements representing the distinct features.
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