Practicing Success

Target Exam

CUET

Subject

Legal Studies

Chapter

Judiciary

Question:

When the parties to an arbitration govern the arbitration by their own without taking help from any formal arbitration institute, such kind of arbitration is called?

Options:

Institutional Arbitration

Ad-hoc Arbitration

Statutory Arbitration

Foreign Arbitration

Correct Answer:

Ad-hoc Arbitration

Explanation:

The correct answer is Option (2) → Ad-hoc Arbitration