Q528
Which of the following definitions is not correct under the terms mentioned under 'discharge by agreement'?
A.
Novation: The substitution of the original or existing contract with the new one
B.
Alteration: It means change in one or more terms of the contract, with the same parties
C.
Rescission: cancellation of a contract
D.
Remission: acceptance of a higher performance
AnswerAnswer: Option D
Solution
Answer: Option D
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