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______ means substitution of old contract by a new one.
  • a)
    Novation 
  • b)
    Alteration
  • c)
    Recission
  • d)
    Remission
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
______ means substitution of old contract by a new one.a)Novationb)Alt...
Novation means substitution of new contract in place of an old one.
Alteration means changing one or more terms of the contract.
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______ means substitution of old contract by a new one.a)Novationb)Alterationc)Recissiond)RemissionCorrect answer is option 'A'. Can you explain this answer?
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