AIBE III 2012 Question 1

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Question 1 of 100 AIBE III 2012 Set Common

Which of the following Statements is least accurate about an arbitration agreement in India?

A The arbitration agreement must contemplate that the arbitral Tribunal's decision will be binding on its parties.
B The arbitration agreement must contemplate that the arbitral Tribunal will determine the substantive rights of the parties.
C Existence of an arbitration agreement is necessary for a valid arbitration.
D The arbitration agreement must State who the members of the arbitral Tribunal shall be. Official answer
E The arbitration agreement should be valid under the Indian Contract Act, 1872.