Law · Indian Contract Act
Complete the statement with respect to the Indian Contract Act, 1872: When the parties to a contract agree to substitute a new contract for it, or to rescind or alter it, the original contract need not be performed. The substitution of a new contract is specifically called ______.
- 1Remission
- 2Novation✓
- 3Rescission
- 4Alteration
Correct answer
Novation
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