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Law · Q135

Indian Contract Act

Graduate and Post Graduate · Law · question 135

Q135

"If 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 statement relates to:

A.
Substitute for a contractual party
B.
The effect of novation, rescission and alteration of contract
Answer
C.
Unilateral alteration of a contract
D.
A substitute contract without consideration

Answer: Option B

Solution

Answer: Option B
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