Question

Change in the nature of the obligation in a contract is known as :

Q: Answer-Change in the nature of the obligation in a contract is known as :

Novation is covered under Section 62 of the Indian Contract Act, 1872. It is a convenient and simplified process that allows contracting parties to modify the terms of the original agreement and replace the old contract with a new one.

A Alteration

B Renovation

C Rescission

D Novation

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Change in the nature of the obligation in a contract is known as :

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