Question
Which of the following best describes the meaning of
‘discharge of a contract by novation’?Solution
A contract can be discharged either by agreement or by a breach. Novation is one way to discharge a contract by agreement and section 62 of the India Contract, 1872 Act gives expression to the doctrine of Novation. The substitution or replacement of an old contract with a new one is termed as Novation. It takes place with the consent and agreement of both the parties to a contract thus with the creation of new contractual obligations, the old ones are discharged. The doctrine of Novation exists to give expression to the concept that parties to a contract should be competent to add, subtract or vary the terms of the contract before its breach with the help of a new contract.
In execution of decree of money-
According to section 96 of the Companies Act the annual general meeting of an unlisted company may be held at any place in India if ________________
Which of the following cases talks about right to education as a Fundamental Right?
All of the following are sources of administrative law, EXCEPT:
What is the maximum time allowed by the Court to the parties to work out a mutually satisfactory disposition under Section 290(4)(a)?
What may happen if the parties reach an agreement on a settlement of the dispute?
A company has 1,000 shareholders and its turnover has crossed Rs. 50 crores in the previous financial year. The company must now constitute an Audit Com...
Agreement is defined in Section _____ of the Indian Contract Act, 1872.
Under the Right to Information Act, 2005, which section provides for "Exemption from disclosure of information"?Â
 In which year was the Copyright Act enacted in India?
Relevant for Exams:
