Question

According to Section 7(4) of the Arbitration and Conciliation Act, an arbitration agreement is in writing if it is contained in:

• A. A document signed by the parties;
• B. An exchange of letters, telex, telegrams or other means of telecommunication which provide a record of the agreement;
• 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;
• D. All of the above

Hint:

An arbitration agreement can be in writing in various forms, including signed documents or exchanges of communication acknowledging the agreement.

Answer 1

The Correct Option is D

Step 1: Understanding Section 7(4) of the Arbitration and Conciliation Act.
Section 7(4) of the Arbitration and Conciliation Act provides various forms in which an arbitration agreement can be in writing, including signed documents, exchanges of communications, or statements of claim and defense that acknowledge the existence of the agreement.
Step 2: Explanation of the options.
- (a) A document signed by the parties: This is one valid form of an arbitration agreement.
- (b) An exchange of letters, telex, telegrams or other means of telecommunication which provide a record of the agreement: This is another form that qualifies as an arbitration agreement.
- (c) An exchange of statements of claim and defense in which the existence of the agreement is alleged by one party and not denied by the other: This also qualifies as an arbitration agreement.
- (d) All of the above: This is the correct answer because all of the mentioned options satisfy the requirements for a written arbitration agreement.
Step 3: Conclusion.
Thus, the correct answer is (d) All of the above.