Question:
Read the given Statements and choose the correct option.
Statement 1: An arbitration agreement must be in writing and may exist in contracts, letters, telex, telegrams, or electronic communications.
Statement 2: An arbitration agreement may be implied solely from conduct without any written record.
Read the given Statements and choose the correct option.
Statement 1: An arbitration agreement must be in writing and may exist in contracts, letters, telex, telegrams, or electronic communications.
Statement 2: An arbitration agreement may be implied solely from conduct without any written record.
Statement 1: An arbitration agreement must be in writing and may exist in contracts, letters, telex, telegrams, or electronic communications.
Statement 2: An arbitration agreement may be implied solely from conduct without any written record.
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Arbitration clause must be in writing; conduct alone cannot imply arbitration.
Updated On: Nov 30, 2025
- Only Statement 1 is true
- Only Statement 2 is true
- Both Statements 1 and 2 are true
- Neither Statement 1 nor 2 is true
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Verified By Collegedunia
The Correct Option is A
Solution and Explanation
Step 1: Verify Statement 1.
Section 7 of the Arbitration and Conciliation Act requires arbitration agreements to be in writing, including electronic communications. This is correct.
Step 2: Verify Statement 2.
An arbitration agreement cannot arise purely from conduct without written evidence; hence Statement 2 is false.
Step 3: Conclusion.
Only Statement 1 is true.
Section 7 of the Arbitration and Conciliation Act requires arbitration agreements to be in writing, including electronic communications. This is correct.
Step 2: Verify Statement 2.
An arbitration agreement cannot arise purely from conduct without written evidence; hence Statement 2 is false.
Step 3: Conclusion.
Only Statement 1 is true.
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