Q554
A and B orally settle a dispute with the help of C. This oral settlement is:
A.
An award under the Arbitration and Conciliation Act, 1996
B.
An agreement under the Contract Act
AnswerC.
Not an agreement under the Contract Act, as it is not in writing
D.
A conciliation agreement within the meaning of Arbitration and Conciliation Act, 1996
Answer: Option B
Solution
Answer: Option B
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