Multiple choice

Discharge by mutual agreement may involve

  1. novation

  2. recission

  3. alteration

  4. novation, recission and alteration

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

Discharge by mutual agreement can take multiple forms: novation (replacing the original contract with a new one), rescission (canceling the contract by mutual consent), or alteration (modifying the contract terms). All three are valid methods for parties to end their contractual obligations by agreement.