Review the following statements and answer the question below:

(i) Ad hoc arbitration is conducted without the assistance of an arbitration institution.

(ii)An important characteristic of arbitration is finality, as unlike litigation, there is no recourse to appeal.

(iii)There are international conventions which operate to recognise and enforce arbitral awards and judicial decisions.

(iv)Parties to an arbitration agreement are free to decide the procedure of the arbitration

(v) Where a court finds that an arbitral panel made rulings that were within its scope of authority, and some rulings related to matters outside of its authority, the court should set aside the award.

Which of the following is correct?

a.

(i) and (ii) are correct

b.

(i) and (iii) are correct

c.

(ii) and (iii) are correct

d.

(iii) and (iv) are correct

e.

(iv) and (v) are correct