Q602
X owes Rs. 10,000 to Y under a contract. It is agreed between X, Y, and Z that Y shall hence forth accept Z as his debtor instead of X for the same amount. Old debt of X is discharged and a new debt from Z to Y is contracted. This is:
A.
Alteration of contract
B.
Rescission of contract
C.
Novation of contract
AnswerD.
Change in contract
Answer: Option C
Solution
Answer: Option C
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