Law · Arbitration and Conciliation Act, 1996
Which of the following is 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 to each other cannot, in general, be specifically enforced and breach of them results only in damages
- 2The appropriate remedy for breach of an agreement to arbitrate is not damages but its enforcement
- 3Both A and B are correct✓
- 4Both A and B are incorrect
Correct answer
Both A and B are correct
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