Multiple choice

A change of nature of the obligation of a contract is known as

  1. novation

  2. rescission

  3. alteration

  4. repudiation

  5. None of these

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

An alteration is a variation made in the language or terms of a legal document that affects the rights and obligations to the parties to contract. An alteration of an instrument materially changes it.