management AIBE Mock Test Series Arbitration And Conciliation Act Part 1 - Arbitration Arbitration Agreement
Which of the following is the material difference between an arbitration agreement and an ordinary contract?
1
In ordinary contract, the obligations of the parties to each other cannot, in genieral, be specifically enforced and breach of them results only in damages
2
The appropriate remedy for breach of agreement to arbitrate is not damages but its enforcement
3
Both a and b are correct
4
Both a and b are incorrect.