Multiple choice

Discharge by mutual agreement may involve

  1. novation

  2. recission

  3. alteration

  4. all of the above

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

Contracts can be discharged by mutual agreement through novation (new contract replaces old), rescission (cancellation by mutual consent), or alteration (modifying terms). All three are valid methods where parties agree to end or modify their contractual obligations.