Question:
Which is an incorrect statement?
Which is an incorrect statement?
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An arbitral award is not a contract; it is a binding decision enforceable like a court decree.
Updated On: Oct 30, 2025
- An arbitral award is a contract
- An arbitral award must be in writing and signed
- An arbitral award includes an interim award
- None of the above
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The Correct Option is A
Solution and Explanation
Step 1: Nature of arbitral award.
An arbitral award is a decision of the arbitral tribunal, and it has the same effect as a court decree. It is not a contract.
Step 2: Valid requirements.
- It must be in writing and signed.
- It may include an interim award.
Step 3: Conclusion.
Thus, statement (a) is incorrect, making it the right answer.
An arbitral award is a decision of the arbitral tribunal, and it has the same effect as a court decree. It is not a contract.
Step 2: Valid requirements.
- It must be in writing and signed.
- It may include an interim award.
Step 3: Conclusion.
Thus, statement (a) is incorrect, making it the right answer.
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