Question

If the parties to a contract agree to substitute a new contract for it, or to rescind or alter it, the__________________

Q: Answer-If the parties to a contract agree to substitute a new contract for it, or to rescind or alter it, t...

Contract Act Section 62. Effect of novation, rescission, and alteration of contract 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.

A Original contract, may be performed

B Original contract need not be performed

C Original contract remains valid although parties may enter into another contract

D Original contract is non-extinguishable

E Parties have the discretion to decide upon the same

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If the parties to a contract agree to substitute a new contract for it, or to rescind or alter it, the__________________

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