BUSINESS ADMINISTRATION
BUSINESS LAW
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Discharge by mutual consent may be by
|
|
Novation
|
|
|
Alteration
|
|
|
Waiver
|
|
|
All of the above
|
Explanation:
Detailed explanation-1: -2] Discharge by Mutual Agreement If all parties to a contract mutually agree to replace the contract with a new one or annul or remit or alter it, then it leads to a discharge of the original contract due to a mutual agreement.
Detailed explanation-2: -On the other hand, ‘merger’ is a mode of discharge of contract by operation of law and not by mutual agreement.
There is 1 question to complete.