Economics · Business Law
When the parties to a contract agree to substitute an existing contract with a new contract, or to rescind or alter it, it results in the discharge of the original contract by:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Operation of law
- 2Mutual agreement or Novation✓
- 3Lapse of time
- 4Impossibility of performance
Correct answer
Mutual agreement or Novation
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