CAF-4 · Chapter 9 · Question 2 of 12
If the parties to a contract agree to substitute a new contract for it, or to rescind it, or alter it, the original contract:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Need not be performed.
Explanation
Section 62 (Novation) states that if the parties agree to a new contract (or rescission/alteration), the original contract is discharged.
More Discharge of a contract MCQs
- Q4Every promisee may dispense with or 'remit', wholly or in part, the performance of the promise made to him. This is known as:
- Q5When a person at whose option a contract is voidable 'rescinds' it, the other party:
- Q6Which of the following describes 'discharge by operation of law'?
- Q7A contract is discharged by 'breach' when a party:
- Q8Azam owes Babar Rs. 5,000. Azam pays Babar, and Babar accepts, in satisfaction of the whole debt, Rs. 2,000 paid at the time and place at…