Law · Legal Studies
Suman owes Rs 50,000 to Pushpa under a contract. It is agreed between Suman, Pushpa, and Kusum that Pushpa shall accept Kusum as her debtor instead of Suman. Identify the correct statement:
- 1The original contract must be performed, as such novation is not recognized under the Contract Act.
- 2There is no consideration, and the new contract is void under the Contract Act.
- 3The original contract between Suman and Pushpa comes to an end, and a new debt from Kusum to Pushpa is created under Section 65 of the Contract Act.
- 4The original contract between Suman and Pushpa comes to an end, and a new debt from Kusum to Pushpa is created under Section 62 of the Contract Act.✓
Correct answer
The original contract between Suman and Pushpa comes to an end, and a new debt from Kusum to Pushpa is created under Section 62 of the Contract Act.
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