CAF-4 · Chapter 15 · Question 7 of 9
Which of the following is an 'implied power' granted to arbitrators under the Arbitration Act, 1940?
Test yourself: pick an answer
Reveal answer & explanation
Explanation
Arbitrators have implied powers such as administering oaths, making the award conditional, and correcting clerical mistakes or accidental slips in the award.
More Anti-money laundering and electronic payments MCQs
- Q9Under the Anti-Money Laundering Act, a person commits an offence if they hold or possess property on behalf of another, knowing what?
- Q1How is 'Money Laundering' fundamentally defined?
- Q2Under the Anti-Money Laundering Act, a person found guilty of money laundering shall be punished with rigorous imprisonment. What is the…
- Q3In addition to imprisonment, what is the maximum financial fine that can be imposed on an individual found guilty of money laundering?
- Q4If Arslan and Faisal agree to resolve a civil dispute outside the court of law by appointing neutral decision-makers, this process is…